Showing 1 - 10 of 66
This paper deals with the optimal provision of a state-variable public good in a two-type model, when the consumers have present-biased preferences due to quasi-hyperbolic discounting. The results show that the preference for immediate gratification facing the (mimicking) high-ability type...
Persistent link: https://www.econbiz.de/10008599463
This paper concerns optimal income taxation and provision of a state-variable public good under asymmetric information in a two-type overlapping generations model, where people care about their relative consumption. Each individual may compare his/her own current consumption with his/her own...
Persistent link: https://www.econbiz.de/10005197993
This paper considers a two-type, self-selection, overlapping generations model with nonlinear labor income and capital income taxation and public good provision, when people care about their relative consumption compared to others. In each case, the standard optimality expressions are modified...
Persistent link: https://www.econbiz.de/10005198004
Previous studies on public policy under relative consumption concerns have ignored the role of leisure comparisons. This paper considers a two-type optimal nonlinear income tax model where people care both about their relative consumption and their relative leisure. Increased consumption...
Persistent link: https://www.econbiz.de/10005012479
This chapter concerns welfare measurement in economies, where the government raises revenue by means of distortionary …
Persistent link: https://www.econbiz.de/10005012481
characterize the tax and expenditure policies, if decided upon at the national level, and analyze the welfare effects of policy … welfare if it reduces the net interest rate and the wage rate, and that the relative overprovision of the public input good …
Persistent link: https://www.econbiz.de/10005424030
and hours of work per employee influences the welfare effect of an increase in the provision of the public good. This … tradeoff means that the welfare gain of an increase in the hours of work, which is associated with the preexisting labor income … tax, will be counteracted by a welfare cost in terms of lost employment. We also show how the welfare effect of an …
Persistent link: https://www.econbiz.de/10005651983
This paper concerns optimal factor income taxation and provision of a public good in a small open economy, which is characterized by union wage setting. The analysis is based on a general equilibrium model, where the hours of work are endogenous, and the tax instruments are linear taxes on labor...
Persistent link: https://www.econbiz.de/10005651994
welfare equivalence of the comprehensive net national product in two main directions, both of which refer to the public sector …. One is by considering welfare measurement problems associated with redistributive policy and public good provision, when …
Persistent link: https://www.econbiz.de/10005652066
This paper re-examines the question of whether federal ex-post redistribution in terms of public funds leads to under-provision of public goods by adding the assumption that the member states are free to leave the economic federation. We show that federal ex-post redistribution no longer...
Persistent link: https://www.econbiz.de/10010818887