This paper presents a general model of the demand for differentiated products which has as special cases two popular models used to analyze welfare and competition in monopolistically competitive markets: the model of spatial competition and the symmetric aggregate benefit function approach. The...

This paper examines the effects of a proportional capital gains tax in an economy with an Austrian sector (with wine and trees) and an ordinary sector. We analyze the effect of capital gains taxation (on both an accrual and a realization basis) on the efficiency with which resources are used...