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Persistent link: https://www.econbiz.de/10010228516
We develop a critique of the single-tax proposal of Henry George. We present a simple search-theoretic model for the discovery of natural resources and show that a tax on the unimproved value of land is distortionary. We then consider the time inconsistency and regime uncertainty problem created...
Persistent link: https://www.econbiz.de/10013037241
This paper develops a critique of the single-tax proposal of Henry George. We present a simple search-theoretic model for the discovery of natural resources and show that a tax on the unimproved value of land is distortionary. We then consider the time inconsistency and regime uncertainty...
Persistent link: https://www.econbiz.de/10010863623