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The paper studies the effects of green tax reforms within a walrasian computable general equilibrium model of the Italian economy calibrated on a microconsistent data set derived from the Input-Output table for the year 1990. Tax reforms increase taxation on the energy sector either through an...
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In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out in previous studies, general equilibrium models are constructed and analyzed in greater details. We discover that, technical innovation carried out by a monopolist could...
Persistent link: https://www.econbiz.de/10012707949
The welfare costs of dynamic factor taxes are analyzed in a dynamic general equilibrium model with heterogeneous endowments, abilities, and tastes. Conventional functional form restrictions yield formulas for the transition effects and marginal welfare costs of factor taxes. Heterogeneity...
Persistent link: https://www.econbiz.de/10014048944
-utility constrained social optimum. Unexpectedly, numerical simulations show that this theory could account for the observed distribution …
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within contemporary development economics and welfare economics. These relationships are analysed in this book by … operationalising normative social choice theory. Normative social choice theory is an appropriate approach as it explicitly … economic growth and social welfare is an enduring issue within contemporary development economics and welfare economics. These …
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