Much of the literature on externalities has considered taxes and direct regulation as alternative policy instruments … use of taxes and regulation in combination, to control externalities arising from individual consumption behaviour. We … some consumption escapes taxation. In both cases we characterise the optimal instrument mix, and show how changing the …

required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory …. Transfers have to be financed by proportional taxation on firm’s revenues or, equivalently, labor income. Labor supply is … elastic to net post-tax real wages, and hence reduced by taxation. In a setting where preferences are isoelastic, deregulation …

This paper analyses the relations between the banking system fluctuations, on one hand, and taxation and public …

taxation ; non-uniform taxation ; computable general equilibrium modelling …