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When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCPF) which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...
Persistent link: https://www.econbiz.de/10014234016
A fundamental issues in designing any fiscal regime for non-renewable resources is the balance between rent taxes and … that, even though they effectively involve the choice of distinct parameters at several dates, rent taxes are not subject …
Persistent link: https://www.econbiz.de/10010229870
How do taxes in the financial sector affect economic outcomes? We analyze a simple general equilibrium model with …
Persistent link: https://www.econbiz.de/10010509630
overshifting of both taxes is more likely to occur and is more pronounced under upstream oligopoly. As a result of this, a tax …
Persistent link: https://www.econbiz.de/10003818019
In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...
Persistent link: https://www.econbiz.de/10003806025
significantly dislike ads, i.e. in situations where traditional arguments for corrective taxes are strongest. -- Two-sided markets …
Persistent link: https://www.econbiz.de/10003820002
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 … consider cases where taxes are either imperfectly differentiated to reflect individual differences in externalities, or where …
Persistent link: https://www.econbiz.de/10003887337
We consider taxation by a Leviathan government and by a utilitarian government in the presence of heterogeneous locations within a country, when migration from one country to another is and is not possible. In a closed economy, a utilitarian government may transfer income from the poor to the...
Persistent link: https://www.econbiz.de/10011511078
in which each country uses distortionary taxes. Such outcomes are compared with the Nash equilibria of the world economy …
Persistent link: https://www.econbiz.de/10011408776
taxes on energy-inefficient products yield larger welfare gains than any information policy. We also document an important … effectiveness of taxes. …
Persistent link: https://www.econbiz.de/10012211184