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Utilitarianism has most relevance to “helping behavior†where the agent's action is parametric, that is, the behavior of others can be taken as given. The utilitarian principle has also been applied to strategic behavior, that is, behavior that can be represented by a game. It is shown...
Persistent link: https://www.econbiz.de/10010812676
In this article I construct a simple optimal income tax model in which I include a public good in the beliefthat it is a better approximation to reality than models that exclude it. The model comprises a Social Welfare Function (SWF), a government budget, and a constant elasticity of...
Persistent link: https://www.econbiz.de/10010687141
Persistent link: https://www.econbiz.de/10008783157