Assunção, Juliano Junqueira; Moreira, Humberto - Departamento de Economia, Pontifícia Universidade … - 2005
Since Henry George (1839-1897) economists have been arguing that a tax on unim- proved land is an ideal tax on e¢ ciency grounds. Output taxes, on the other hand, have distortional e¤ects on the economy. This paper shows that under asymmetric information output tax might be used along with...