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We wish to study optimal dynamic nonlinear income taxes. Do real-world taxes share some of their features? What policy prescriptions can be made? We study a two-period model, where the consumers and government each have separate budget constraints in the two periods, so income cannot be...
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We explore the characteristics of Pareto-optimal allocations in the context of local public goods or clubs. A set of first-order conditions for Pareto optimality is provided. Classical treatments apparently neglect an important term related to migrant compensation, and thus are incorrect. A...
Persistent link: https://www.econbiz.de/10005215843
We make two contributions to the theory of optimal income taxation. First, assuming conditions sufficient for existence of a Pareto optimal income tax and public goods mechanism, we show that if agents' preferences satisfy an extended notion of single crossing called capacity constrained single...
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Applications of the framework of behavioral economics to questions arising from urban economics are discussed. Directions for future research are outlined. Copyright (c) 2009, Wiley Periodicals, Inc.
Persistent link: https://www.econbiz.de/10008576665
type="main" <title type="main">ABSTRACT</title> <p>We consider information aggregation in national and local elections when voters are mobile and might sort themselves into local districts. Using a standard model of private information for voters in elections in combination with a new economic geography model, agglomeration...</p>
Persistent link: https://www.econbiz.de/10011147937