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Despite decades of research on mechanism design and on many practical aspects of cost-benefit analysis, one of the most basic and ubiquitous features of regulation as actually implemented throughout the world has received little theoretical attention: exemptions for small firms. These firms may...
Persistent link: https://www.econbiz.de/10011772391
taxation, commodity taxation, tax expenditures, externalities, public goods, capital income and wealth taxation, social …
Persistent link: https://www.econbiz.de/10012174286
externalities. Samuelson (1954) laid out the conditions for optimal pure public goods provision, but noted that free-riding (the …, government intervention is unnecessary. Under the conditions underlying the Coase Theorem, externalities would be self … to the controversy here by describing a previously unexplored relationship between externalities, public goods, and …
Persistent link: https://www.econbiz.de/10012962737
should be spatially-differentiated or uniform when negative RES environmental externalities are spatially heterogeneous and …
Persistent link: https://www.econbiz.de/10012487862
This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
Persistent link: https://www.econbiz.de/10012623743
A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...
Persistent link: https://www.econbiz.de/10012731608
Optimal policy rules - including those regarding income taxation, commodity taxation, public goods, and externalities … in which preferences for commodities, public goods, and externalities are heterogeneous. When preference differences are …
Persistent link: https://www.econbiz.de/10014216322
-linked externalities (JLEs). JLEs emerge when wages exceed the opportunity cost of labor (labor externalities), or when there are social … gains from creating better jobs for some classes of worker, such as women or youth (social externalities). Like all … externalities, JLEs create a gap between private and social rates of return. Investments can be socially profitable (once the …
Persistent link: https://www.econbiz.de/10012239109
the theories of public goods, externalities, marginal-cost cum peak-load pricing. This paper documents and attempts to …
Persistent link: https://www.econbiz.de/10013411358
provided in terms of informational asymmetries, human capital externalities, and long planning horizons. Transparency is … transparency are considered. These involve devoting resources to research on the measurement of human capital externalities …
Persistent link: https://www.econbiz.de/10010428136