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The recent public economics literature involves an apparent consensus that income effects reduce the costs of raising revenues and hence increase the desirable level of public good provision. Higher taxes can indeed reduce the demand for leisure -- and hence increase the supply of taxed labor --...
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model that shows how exogenous variations in market power affect poverty. Increased market power leads to economy … incomes of households, particularly among the poor. Declines in poverty in this context are only possible in the case wherein … poverty eradication. This result suggest the possibility of taxing extranormal rents extracted by firms with market power and …
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cost approach. The pros and cons of each method are discussed in the context of poverty and inequality analysis and it is …
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