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Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy.
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Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy.
Persistent link: https://www.econbiz.de/10001440970
, and politicians employ these behaviors, and what their social consequences are from an economic theory perspective. This … economics. Each topic can be seen as an application of simple economic theory to an unusual subject matter in economics. Thus …
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Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy
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