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This paper analyses tax policy measures within a two sector endogenously growing economy with elastic labour supply. Pollution is modelled as a side product of physical capital stock used as a primary production factor in the final good sector. The framework allows to analyse consequences of...
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This paper investigates a procurement relationship between a welfare-oriented government and a private supplier. The agents face several versions of the trading good which differ in quality and production costs, and the differences between those items are undescribable ex ante. In presence of...
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In this book Peter Diamond analyzes social security as a particular example of optimal taxation theory. Assuming a … these models, Diamond presents introductions to optimal income tax theory and the theory of incomplete markets. He …
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