optimal (commodity) taxation
The perception of distributive fairness and optimal taxation under uncertainty
... socially optimal self-insurance (degree of individual risk taking) to increase ...socially optimal redis- tributive tax policy it can be clearly shown that the social planner chooses full tax-deductibility ...
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Preference for Income Taxation with Several Heterogeneous Consumers
... income taxation has been proven for the case of several heterogeneous ...the commodity tax belongs to the feasible set de fi ned by the income ...the commodity tax rate adjusts depending on the number ...
10
Charity, Status, and Optimal Taxation: Welfarist and Paternalist Approaches
... on optimal taxation and public good provision, which typically (and for good reasons) focuses on interior solutions, cases with one or several corner solutions are potentially very important when dealing ...
68
Optimal taxation, tax evasion and rent seeking
... the optimal fraction of tax base to ...the optimal tax rate knowing that evasion is a possible option for ...direct taxation and a modified Ramsey rule for indirect ...the optimal choice is ...
169
Coping with Externalities in Tourism A Dynamic Optimal Taxation Approach
... Several aspects of this equilibrium merit comment. First, because of the constant marginal utility of wealth, there is perfect consumption smoothing, as equation (11a) indicates. This is a standard result and due to the ...
31
Optimal capital taxation for time nonseparable preferences
... that optimal capital taxes for habit forma- tion preferences are determined by three ...capital taxation motive in countervailing ways, and its impact will depend on the relative mag- nitude of the last two ...
35
Subjective well being, consumption comparisons, and optimal income taxation
... We introduce reference consumption into the standard utility function from optimal tax analysis. Individuals compare their consumption ‘narrowly’ with those of the same productivity, or ‘broadly’ with the average ...
32
Optimal Taxation in Dynamic Economies with Increasing Returns
... studies optimal taxation in dynamic economies with external increasing re- ...the optimal rate of tax on capital income is negative in the steady- ...income taxation, however, fails to hold, ...
26
Optimal asymmetric taxation in a two sector model with population ageing
... an optimal taxation of labour and capital in three different settings, all with sim- ilar ...is optimal to impose capital-income tax in the investment-goods sector, and diverse labour-income taxes in ...
22
Optimal Income Taxation with a Stationarity Constraint in a Dynamic Stochastic Economy
... In view of this observation, we contribute to the New Dynamic Public Finance literature by considering optimal dynamic income taxation when the government faces a stationarity constraint that the tax rule ...
17
Optimal Capital Taxation in an Economy with Innovation Driven Growth
... the optimal taxation literature, production technology is treated as exogenously ...the optimal capital income tax might be di¤erent from ...the optimal capital taxation and R&D ...
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Modeling the minimum time needed to economic maturity
... the optimal income tax rate should be negative (Judd, ...the optimal capital income tax rate is equal to an exogenously given constant which is known and controlled by the government, and which therefore ...
63
Optimal Income Taxation with a Stationarity Constraint in a Dynamic Stochastic Economy
... of optimal nonlinear income taxation in a dynamic, stochastic economy is Kocherlakota ...consider optimal taxation in a dynamic stochastic economy with ...the optimal tax ...
17
Rent Seeking Behavior and Optimal Taxation of Pollution in Shallow Lakes
... In summary, we have found that lobbying and the composition of the elec- torate have an effect on the implementation of the socially optimal tax policy. When a portion of the communities have a strong preference ...
25
The Demand for Status and Optimal Capital Taxation
... and Rossi (1997) show that the optimality of a limiting zero tax applies to both labor income and capital income, as long as the technology for accumulating human capital displays constant return to scale in the stock of ...
23
Optimal income taxation with asset accumulation
... progressivity, optimal capital taxes and the welfare losses of restricted capital taxation for the benchmark risk aversion ...capital taxation replicates perfectly the consumption allocation for both ...
36
Optimal income taxation with a stationarity constraint in a dynamic stochastic economy
... A famous result in static optimal income taxation is that the top marginal tax rate is zero. That is, the top earner’s marginal tax rate is zero. However, we cast doubt on its policy relevance. In our ...
16
Optimal Taxation over the Life Cycle
... the optimal labor income tax schedule for a life cycle model with deterministic productivity variation and complete asset ...The optimal tax schedule has an increasing average tax rate at low levels of ...
42
Subjective well being, peer comparisons and optimal income taxation
... Boskin and Sheshinski (1978) treat relative income considerations as a pure negative ex- ternality: preferences over consumption are separable from peer consumption, whilst the disutility of effort is measured in ...
37
Positional Preferences, Endogenous Growth, and Optimal Income and Consumption Taxation
... negative (positive) consumption externality leads to over- (under-) consumption and over- (under-) supply of capital and labour, relative to the optimum, in the steady state. With endogenous labour supply, in Turnovsky ...
37