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When a price is enough : implementation in optimal tax design

Renes, Sander; Zoutman, Floris T. - 2014

This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations. Hammond's (1979) "principle of taxation" proves that any...

Persistent link: https://www.econbiz.de/10010403177

When a price is enough : implementation in optimal tax design

Renes, Sander; Zoutman, Floris T. - 2014

Persistent link: https://www.econbiz.de/10010412846

Optimal random taxation and redistribution

Gauthier, Stéphane; Laroque, Guy - 2022

We assess the usefulness of stochastic redistribution among a continuum of risk-averse agents with quasilinear … circumstances where stochastic redistribution is socially dominated by the deterministic policy where after-tax income lotteries are …

Persistent link: https://www.econbiz.de/10013464907

Contracting under Adverse Selection : Certifiable vs. Uncertifiable Information

Schmitz, Patrick W. - 2021

The analysis of adverse selection problems in seller-buyer relationships has typically been based on the assumption that private information is uncertifiable, while in practice it may well be certifiable. If a buyer has certifiable private information, he can conceal evidence, but he cannot...

Persistent link: https://www.econbiz.de/10013247965

Contracting with Private Information

Hagedorn, Marcus - 2021

This paper adds to the current literature on incomplete contracting that argues that deviating from a complete information, transaction-cost free environment may be may generate valuable insights. We achieve this by assuming bargaining with asymmetric information. We consider the consequences of...

Persistent link: https://www.econbiz.de/10013320097

Optimal student loans and graduate tax under moral hazard and adverse selection

Gary-Bobo, Robert; Trannoy, Alain - 2013

(redistribution). In separating optima, the talented types bear more risk than the less-talented ones; they arise only if the social …

Persistent link: https://www.econbiz.de/10009754597

Optimal Student Loans and Graduate Tax Under Moral Hazard and Adverse Selection

Gary-Bobo, Robert - 2013

(redistribution). In separating optima, the talented types bear more risk than the less-talented ones; they arise only if the social …

Persistent link: https://www.econbiz.de/10013080006

Optimal Redistribution in the Presence of Signaling

Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2021

We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … desirability of redistribution through wage compression …

Persistent link: https://www.econbiz.de/10013217555

Optimal redistribution and education signaling

Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2024

efficient allocations and derive conditions under which there is predistribution, i.e., redistribution through wage compression …

Persistent link: https://www.econbiz.de/10014490255

Optimal redistribution in the presence of signaling

Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2021

We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … of education taxes/subsidies. We demonstrate how the government can achieve redistribution through wage compression and … analyze the conditions under which such redistribution is feasible and socially desirable. …

Persistent link: https://www.econbiz.de/10012660137