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Rebate Rules in Threshold Public Good Provision
Spencer, Michael A. - 2008
This paper considers how six alternative rebate rules affect voluntary contributions in a threshold public-good experiment. The rules differ by (1) whether an individual can receive a proportional rebate of excess contributions, a winner-takes-all of any excess contributions, or a full rebate of...
Persistent link: https://www.econbiz.de/10012464089
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Educational Production
Lazear, Edward P. - 1999
their classmates do worse. The theory presented below reconciles all of these facts by recognizing that classroom teaching … is a public good where congestion effects are potentially important. Because the optimal class size is larger for behaved … ranges away from equilibrium levels will adversely affect educational output. The theory argues for a particular non …
Persistent link: https://www.econbiz.de/10012471435
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Growth Effects of Income and Consumption Taxes : Positive and Normative Analysis
Milesi-Ferrett, Gian Maria - 1995
The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels through which these taxes affect economic growth are discussed, and it is shown that in general the...
Persistent link: https://www.econbiz.de/10012473553
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Optimal Taxation of Human and Physical Capital in Endogenous Capital Models
Roubini, Nouriel - 1994
This paper studies the effects of human and physical capital income taxation on growth, and examines how these effects depend on the technologies for human capital accumulation and 'leisure'. It then derives the normative implications of the analysis for the optimal taxation of factor incomes....
Persistent link: https://www.econbiz.de/10012474025
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Taxation and Endogenous Growth in Open Economies
Roubini, Nouriel - 1994
This paper examines the effects of taxation of human capital, physical capital and foreign assets in a multi-sector model of endogenous growth. It is shown that in general the growth rate is reduced by taxes on capital and labor (human capital) income. When the government faces no borrowing...
Persistent link: https://www.econbiz.de/10012474026
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Political Economy of Ramsey Taxation
Acemoglu, Daron - 2009
We study the dynamic taxation of capital and labor in the Ramsey model under the assumption that taxes and public good provision are decided by a self-interested politician who cannot commit to policies. We show that, as long as the discount factor of the politician is equal to or greater than...
Persistent link: https://www.econbiz.de/10012463348
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A Comment on The Role of Prices for Excludable Public Goods
Metcalf, Gilbert E. - 2006
Blomquist and Christensen (2005) argue that welfare is initially decreasing in the price of an excludable public good and that the case for a positive price for an excludable public good price is weak. We argue that this result follows from their particular characterization of the public good...
Persistent link: https://www.econbiz.de/10012466132
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Should the Government's Allocation Branch be Concerned about the Distortionary Cost of Taxation and Distributive Effects?
Kaplow, Louis - 1993
Does taxation for public goods generally involve a distortionary cost? Are Pigouvian taxes desirable because they raise revenue without having to resort to distortionary taxes? Should decisions concerning public goods or Pigouvian taxes depend on whether their incidence is regressive? The answer...
Persistent link: https://www.econbiz.de/10012474374
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Optimal Taxation with Rent-Seeking
Rothschild, Casey - 2011
Recent policy proposals have suggested taxing top incomes at very high rates on the grounds that some or all of the highest wage earners are engaged in socially unproductive or counterproductive activities, such as externality imposing speculation in the financial sector. To address this, we...
Persistent link: https://www.econbiz.de/10012461624
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Optimal Policy with Heterogeneous Preferences
Kaplow, Louis - 2008
Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities--are typically derived in models with homogeneous preferences. This article reconsiders many central results for the case in which preferences for commodities, public goods, and...
Persistent link: https://www.econbiz.de/10012464477