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This paper concerns optimal taxation and public goods in an economic federation with decentralized leadership, where one lower level government is the first mover also in the horizontal dimension. Under plausible assumptions, horizontal leadership reinforces the incentives created by...
Persistent link: https://www.econbiz.de/10010580445
This paper concerns redistribution and public good provision under asymmetric information, which are here ingredients … redistributes (ex-post) between the member states. The results show how and why federal ex-post redistribution may modify the use of …
Persistent link: https://www.econbiz.de/10005424049
Persistent link: https://www.econbiz.de/10010491787
This paper concerns income- and production taxation in a decentralized fiscal federalism model where the ability to commit differs among member countries. It is assumed that the federal government dictates environmental targets to be implemented at the national level, where the horizontal leader...
Persistent link: https://www.econbiz.de/10011241013
A transfer from a richer individual to a poorer one seems to be the most intuitive and straightforward way of reducing income inequality in a society. However, can such a transfer reduce the welfare of the society? We show that a rich-to-poor transfer can induce a response in the individuals'...
Persistent link: https://www.econbiz.de/10012945812
Let there be two individuals: “rich,” and “poor.” Due to inefficiency of the income redistribution policy, if a social …
Persistent link: https://www.econbiz.de/10012992345
In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …
Persistent link: https://www.econbiz.de/10011569042
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective … altruistic transfers by Pareto-efficient public redistribution. The chapter is organized as follows. Section 2 presents an …
Persistent link: https://www.econbiz.de/10014023678
In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …
Persistent link: https://www.econbiz.de/10011594247
Let there be two individuals: "rich," and "poor." Due to inefficiency of the income redistribution policy, if a social …
Persistent link: https://www.econbiz.de/10011542159