Ercolani, Marco G. - In: Economics: The Open-Access, Open-Assessment E-Journal 1 (2007) 2007-6, pp. 1-32
Differential tax analysis is used to show how the socially optimal fiscal-tax to liquidity-tax ratio changes with the relative size of the tax-evading hidden economy. The smaller the relative size of the hidden economy, the larger the optimal fiscal-tax to liquidity-tax ratio. The empirical...
