instruments. In a simple model with identical consumers, we show conditions under which the same efficiency can be attained by the … efficiency can again be obtained, but only if each person's gasoline tax rate can be made to depend on the characteristics of the …

widespread belief that the introduction of consumption taxes into a model with income taxes only, creates substantial efficiency …

result establishes that welfare and informational efficiency are inversely related. The higher the degree of informational … efficiency of the price path, the lower is expected total welfare …

This paper describes an efficiency approach to the evaluation of policy changes. Rather than comparing the utility …

This paper surveys recent developments in the theory of pareto efficient taxation. This literature attempts to …

This paper employs analytical and numerical general equilibrium models to assess the efficiency impacts of two policies … put the carbon quota at a signficant efficiency disadvantage relative to the carbon tax: the costs of reducing emissions …. Indeed, second-best considerations severely limit the potential of a carbon quota to general overall efficiency gains. Under …

instruments. In a simple model with identical consumers, we show conditions under which the same efficiency can be attained by the … efficiency can again be obtained, but only if each person's gasoline tax rate can be made to depend on the characteristics of the …