Now showing items 1-10 of 19
The optimal two-bracket linear income tax
(Elsevier, 1994-02)
We investigate two-bracket piecewise linear income tax structures. In a two-class economy, Pareto-efficient tax schedules of this type feature at least one marginal tax rate equal to zero, and that the marginal tax rate ...
Equivalence scales, horizontal equity and optimal taxation under utilitarianism
(Elsevier, 1986-02)
This paper analyzes the question of how differences in family size should be treated by the income tax system in order to achieve horizontal equity. Family size is incorporated into the demand system by the procedure of ...
Intergenerational risk sharing
(Elsevier, 1988-11)
In this paper we examine government debt and tax-transfer policies that can be improve the allocation of risk between generations. Markets cannot allocate risk efficiently between two generations whenever the two generations ...
Tax distortions to the choice of organizational form
(Elsevier, 1994-10)
Income from corporate and noncorporate firms is treated very differently under the tax law. In theory, given existing tax law, the noncorporate sector should consist of very profitable firms owned by low-tax-bracket investors ...
Fixing the leak in Okun's bucket optimal tax progressivity when avoidance can be controlled
(Elsevier, 1994-09)
This paper examines optimal income tax progressivity when avoidance responses to taxation are important, and can be controlled at some cost by the government. A simple example shows that ignoring the fact that avoidance ...
On the private provision of public goods
(Elsevier, 1986-02)
We consider a general model of the non-cooperative provision of a public good. Under very weak assumptions there will always exist a unique Nash equilibrium in our model. A small redistribution of wealth among the contributing ...
Assistance to the poor in a federal system
(Elsevier, 1987-04)
This paper explores the roles of different levels of government in assisting the poor. Using a model incorporating utility interdependence, the paper first presents some theoretical results indicating how levels of poor ...
A general equilibrium model of heterogeneous local property taxes
(Elsevier, 1977-12)
A formal model of an economy consisting of many production centres, each of which levies property taxes at a different rate, is developed and analyzed. In the context of the model, it is shown that holders of capital may ...