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Matching as a cure for underprovision of voluntary public good supply : analysis and an example

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - 2011

Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner … results by a simple numerical example. -- public goods ; matching ; Pareto optimality …

Persistent link: https://www.econbiz.de/10009011305

Potentially harmful international cooperation on global public good provision

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - 2012

-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome undersupply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyse their effect …

Persistent link: https://www.econbiz.de/10009570868

Afriat's theorem for indivisible goods

Forges, Françoise; Iehlé, Vincent - 2013

We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for “discrete axiom of revealed preference”) is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our...

Persistent link: https://www.econbiz.de/10010212659

Pareto-improving tax reforms and the earned income tax credit

Bierbrauer, Felix; Boyer, Pierre C.; Hansen, Emanuel - 2020

This paper provides necessary and sufficient conditions for the existence of Pareto-improving tax reforms. The conditions can be expressed as sufficient statistics and have a wide range of potential applications in public ﬁnance. We discuss one such application in detail: the introduction of...

Persistent link: https://www.econbiz.de/10012229280

Pareto-improving bequest taxation

Grossmann, Volker (contributor); Poutvaara, Panu (contributor) - 2005

Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show that in the presence of wage taxation, a small bequest tax may improve efficiency in an overlapping-generations framework with only intended bequests, by enhancing incentives of...

Persistent link: https://www.econbiz.de/10003113315

Intra-generational externalities and inter-generational transfers

Kolmar, Martin (contributor); Meier, Volker (contributor) - 2005

In an environment with asymmetric information the implementation of a first-best efficient Clarke-Groves-Vickrey (D’Aspremont-Gérard-Varet) mechanism may not be feasible if it has to be self-financing. By using intergenerational transfers, the arising budget deficit can generally be covered...

Persistent link: https://www.econbiz.de/10002756268

Time-consistent fiscal policy under heterogeneity : conflicting or common interests?

Angelopulos, Kōnstantinos; Malley, James R.; … - 2011

This paper studies the aggregate and distributional implications of Markov-perfect taxspending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main findings are: (i) it is optimal for a benevolent government, which cares equally about its...

Persistent link: https://www.econbiz.de/10009127740

Coordinating climate and trade policies : Pareto efficiency and the role of border tax adjustments

Keen, Michael; Kotsogiannēs, Chrēstos - 2011

This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing crosscountry distributional...

Persistent link: https://www.econbiz.de/10009153840

Atkinson-Stiglitz and Ramsey reconciled : Pareto efficient taxation and pricing under a break-even constraint

Cremer, Helmuth; Gahvari, Firouz - 2013 - May 2012, revised May 2013

The Ramsey tax problem examines the design of linear commodity taxes to collect a given tax revenue. This approach has been seriously challenged by Atkinson and Stiglitz (1976) who show that (under some conditions) an optimal income tax makes commodity taxes redundant. In the meantime, the...

Persistent link: https://www.econbiz.de/10009743752

Profit sharing and relative consumption

Goerke, Laszlo - 2012

Traditionally, it has been argued that profit sharing can increase employment and welfare because it lowers marginal labour costs without reducing total cost or labour income. In this paper, we show that profit sharing can also represent a Pareto-improvement if labour supply is excessive due to...

Persistent link: https://www.econbiz.de/10009655171