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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

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

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

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

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

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

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

Integrating Expenditure and Tax Decisions : The Marginal Cost of Funds and the Marginal Benefit of Projects

Slemrod, Joel - 2001

This paper seeks to clarify the extent to which the rule for providing public goods ought to correct for the distortionary cost of raising funds. We argue that, in evaluating public projects, the marginal cost of funds (MCF) concept must be supplemented by a symmetrical concept, which we label...

Persistent link: https://www.econbiz.de/10012470530

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

On the Theory of Optimal Taxation in a Growing Economy

Feldstein, Martin - 1984

This paper considers the following question: Would a "golden rule" capital accumulation policy of equating the marginal product of capital to the rate of growth of population be appropriate in a mixed economy in which the government does not have direct control over resource allocation but can...

Persistent link: https://www.econbiz.de/10012477654