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Public policies often involve choices of alternatives in which the size and the composition of the population may vary. Examples are the allocation of resources to prenatal care and the design of aid packages to developing countries. In order to assess the corresponding feasible choices on...
Persistent link: https://www.econbiz.de/10010284821
Tax competition between two governments who choose nonlinear income tax schedules to maximize the average utility of its residents when skills are unobservable and labor is perfectly mobile is examined. We show that there are no Nash equilibria in which there is a skill type that pays positive...
Persistent link: https://www.econbiz.de/10010274900
This article establishes versions of Moulin's (Public Choice 35:437-455, 1980) characterizations of various classes of strategy-proof social choice functions when the domain consists of all profiles of single-peaked preferences on an arbitrary subset of the real line. Two results are established...
Persistent link: https://www.econbiz.de/10010317101
A number of studies have evaluated the social welfare impact of price and income changes using equivalent incomes that are computed at some reference price vector, and an aggregator with these equivalent incomes as arguments in place of a social welfare function. This paper investigates the...
Persistent link: https://www.econbiz.de/10010299646