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, the effectiveness of the electricity tariff as a redistribution device is questionable in the presence of a progressive … model predicts that electricity prices should be subsidised in the presence of purely income redistribution concerns, we … conservation as well as income redistribution. …
Persistent link: https://www.econbiz.de/10011892503
conventional wisdom, rather than calling for more redistribution, the presence of this scale dependence provides a rationale for …. At an aggregate level, a rise in redistribution induces a compression effect on the distribution of pre-tax returns. In … the financial market, I identify general equilibrium trickle-up externalities that provide a force for more redistribution …
Persistent link: https://www.econbiz.de/10012499593
Persistent link: https://www.econbiz.de/10009304010
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
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/10010412846
-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the …
Persistent link: https://www.econbiz.de/10010479932
Persistent link: https://www.econbiz.de/10001798751
Persistent link: https://www.econbiz.de/10001395250
This paper examines the political economy of redistribution when voters have asymmetric information about the …
Persistent link: https://www.econbiz.de/10012771452
Persistent link: https://www.econbiz.de/10003386883