Showing 1 - 10 of 8,198
In a recent paper to appear in Journal of Economic Theory [Kotaro Suzumura and Yongsheng Xe, "Characterizations of Consequentialism and Non-consequentialism"], an analytical framework was developed, which allowed us to characterize the concept of consequentialism and non-consequentialism. To...
Persistent link: https://www.econbiz.de/10005018572
In this paper I consider the problem of measuring opportunity inequality when monetary transfers are possible. First, I consider the case in which agents have homogeneous preferences, as in the previous literature, and I then propose an extension to the heterogeneous case. In both, I identify an...
Persistent link: https://www.econbiz.de/10008517755
In a model where agents have unequal skills and heterogeneous preferences about consumption goods and leisure, this paper studies how to combine linear commodity taxes and non-linear income tax. It proposes a particular social welfare function on the basis of fairness principles. It then derives...
Persistent link: https://www.econbiz.de/10005292388
acknowledged that an early death is a serious disadvantage, and that attention should be paid to the compensation of short …-lived individuals. This paper re-examines the compatibility of those two concerns: prevention against early death and compensation for … a concern for compensation. The reason is that if it is socially desirable to raise the number of survivors through …
Persistent link: https://www.econbiz.de/10010679136
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has … ex ante, and cannot be compensated ex post. We argue that, despite the above difficulties, compensation can be carried …
Persistent link: https://www.econbiz.de/10008676068
In this paper I will introduce a new political economy model, where there exists a competition amongst two political candidates, which aim to set a policy which enables them to win elections, max- imising the probability of winning. I will show that, if taxes neces- sary to repay the debt are...
Persistent link: https://www.econbiz.de/10005616677
This work intends to specify a formula for the optimal taxation in Probabilistic Voting Models with Single Mindedness Theory. The goal is to find an equivalent expression to the Ramsey’s rule for a political economy environment where Governments are assumed to be Leviathans rather than...
Persistent link: https://www.econbiz.de/10005789305
This paper shows how the optimal level of Pigouvian taxation is influenced by distributive concerns. With second-best instruments, a higher level of income redistribution calls for a lower level of Pigouvian taxation. More redistributionimplies that tax collection via the income tax creates...
Persistent link: https://www.econbiz.de/10009418470
This paper establishes the generic size and structure of the second-best Pareto frontier and its various components in private ownership economies with Ramsey taxation. It provides conditions under which the second-best Pareto frontier of an economy with H consumers will have the expected...
Persistent link: https://www.econbiz.de/10005064196
We examine the effect of addictive behavior on a socially optimal environmental tax. If utility in part depends on past consumption and individuals are time-consistent, the socially optimal environmental tax is shown to be equal to the conventional Pigovian tax. In a second-best world where the...
Persistent link: https://www.econbiz.de/10005651663