أعرض تسجيلة المادة بشكل مبسط

dc.creator Alonso Carrera, Jaime
dc.creator Raurich, Xavier
dc.creator Caballé, Jordi
dc.date 2007-11-06T10:54:52Z
dc.date 2007-11-06T10:54:52Z
dc.date 2001-10-03
dc.date.accessioned 2017-01-31T00:58:10Z
dc.date.available 2017-01-31T00:58:10Z
dc.identifier http://hdl.handle.net/10261/1914
dc.identifier.uri http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1914
dc.description We analyze the dynamic behavior and the welfare properties of the equilibrium path of a growth model where both habits and consumption externalities affect the utility of consumers. We discuss the effects of flat rate income taxes and characterize the optimal income taxation policy. We show that, when consumption externalities and habit adjusted consumption are not perfect substitutes, a counter-cyclical income tax rate allows the competitive equilibrium to replicate the efficient path. Our analysis highlights the crucial role played by complementarities between externalities and habits in order to generate an inefficient dynamic equilibrium.
dc.language eng
dc.relation UFAE and IAE Working Papers
dc.relation 496.01
dc.rights openAccess
dc.subject Habit Formation
dc.subject Consumption Externalities
dc.subject Optimal Taxation
dc.title Income Taxation with Habit Formation and Consumption Externalities
dc.type Documento de trabajo


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أعرض تسجيلة المادة بشكل مبسط