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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18870| Title: | A new approach to optimal commodity taxation |
| Keywords: | H21 ddc:330 optimal commodity taxation Ramsey rule Verbrauchsteuer Optimale Besteuerung Second Best Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | This paper makes a fresh attempt at characterizing optimal commodity taxes. Under the usual assumptions, an extremely simple expression of second-best commodity taxes is derived, showing tax rates as functions of observable variables only, rather than as functions of unobservable variables such as compensated cross elasticities. The main formula is independent of special preferences, and independent of the number of commodities. It has a simple economic meaning and could be particularly useful for empirical research. Examples and remarks on the normalization problem are provided. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18870 |
| Other Identifiers: | http://hdl.handle.net/10419/18870 ppn:393235718 |
| Appears in Collections: | EconStor |
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