In a model where agents have unequal skills and heterogeneous preferences about consumption goods and leisure, this paper studies how to combine linear commodity taxes and non-linear income tax. It proposes a particular social welfare function on the basis of fairness principles. It then derives...

The paper considers approval voting for a large population of voters. It is proven that, based on statistical information about candidate scores, rational voters vote sincerly. It is also proven that if a Condorcet-winner exists, this candidate is elected.

Consider an atomistic developer who decides when and at what density to develop his land, under a property value tax system characterized by three time-invariant tax rates: tv, the tax rate on pre-development land value; ts, the tax rate on post development residual site value; and tk, the tax...

In this paper, we estimate a collective model of household labour supply à la Chiappori on British two-earner couples, using data from the British Household Panel Survey (BHPS). We find that family members do not pool their resources: the unitary model is rejected. We estimate a sharing rule...

We consider a discrete-time two-sector Cobb-Douglas economy with positive sector specific external effects. We show that indetermincay of steady states and cycles can easily arise with constant or decreasing social returns to scale, and very small market imperfections. This is in sharp contrast...