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Privatization generally enhances firm-level efficiency. The impact of privatization on fiscal efficiency has, however, been overlooked. Using the "tax-smoothing" ideas articulated in Barro (1979) and Bohn (1990), we argue that privatization may have an important impact on the welfare losses...
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Harberger`s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects …
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Harberger’s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects …
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Psychology : the three antinomies of greed -- Mathematics : why physics is value free and economics isn't -- Money … : the distinguishing idea of economics -- Price : the law of supply and demand works backward -- Labor : where it all begins … : the labor theory of right -- Justice : why micro and macro don't always mix -- Productivity : a seductive fallacy …
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