This paper analyzes the effect of taxation on the intertemporal allocation of an exhaustible resource. A general framework within which a large variety of taxes can be analyzed is developed and then applied to a number of specific taxes. It is shown that there exists a pattern of taxation which...

This paper articulates and applies frameworks for examining whether consumption is excessive. We consider two criteria for the possible excessiveness (or insufficiency) of current consumption. One is an intertemporal utility-maximization criterion: actual current consumption is deemed excessive...

The paper addresses two questions. First, what do national and cross-national regressions reveal about the link from economic growth to poverty reduction, and how is this link affected by (a) initial conditions, such as the degree of inequality, and (b) the type of growth, e.g its sectoral...