In the problem of optimal taxation in an economy with two productive factors, labor and capital, the optimal solution … when the government can commit to a sequence of tax rates, has the tax on capital tending to zero in the limit, with all …

supply of public capital is financed through distortionary taxation. The optimal (second best) tax policy of a benevolent …We consider a representative agent, infinite-horizon economy where production requires private and public capital. The …

This study is designed to assess the impact of taxation on the development of the Nigerian capital market from the …