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It is an important difference in different measures of the marginal cost of public funds whether to take into account the "revenue effect" emphasized by Atkinson and Stern (1974). This note tries to reconcile two competing measures from a general viewpoint. We demonstrate that the revenue effect...
Persistent link: https://www.econbiz.de/10011933256
It is an important difference in different measures of the marginal cost of public funds whether to take into account the "revenue effect" emphasized by Atkinson and Stern (1974). This note tries to reconcile two competing measures from a general viewpoint. We demonstrate that the revenue effect...
Persistent link: https://www.econbiz.de/10008862078
Persistent link: https://www.econbiz.de/10008990079
Persistent link: https://www.econbiz.de/10003360845
Persistent link: https://www.econbiz.de/10005361556