Social discounting and incentive compatible fiscal policy
نویسندگان
چکیده
منابع مشابه
Social discounting and incentive compatible fiscal policy
This paper considers a Ramsey model of linear capital and labor income taxation in which the government cannot commit ex-ante to a sequence of policies for the future. In this setup, if the government is more impatient than the government, the capital income tax will always be positive in steady state. Thus, impatience and lack of commitment are able to generate positive capital taxes in the lo...
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Information diffusion and influence maximization in social networks are well studied problems and various models and algorithms have been proposed. The main assumption in these studies is that the influence probabilities are known to the social planner. The influence probabilities, however can vary significantly with the type of the information and the time at which the information is propagati...
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A theoretical analysis considers the impact of a typical system of redistributive “fiscal equalization” transfers on the taxing effort of local jurisdictions. More specifically, it shows that the marginal contribution rate, i.e. the rate at which an increase in the tax base reduces those transfers, might be positively associated with the local tax rate while the volume of grants received is lik...
متن کاملThe Incentive Effect of Fiscal Equalization Transfers on Tax Policy
A theoretical analysis considers the impact of a typical system of redistributive “fiscal equalization” transfers on the taxing effort of local jurisdictions. More specifically, it shows that the marginal contribution rate, i.e. the rate at which an increase in the tax base is reducing those transfers, might be positively associated with the local tax rate while the volume of grants received is...
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This paper examines the first-best fiscal policy in a stochastic, infinite-horizon representative agent model that exhibits consumption-enhanced as well as wealth-enhanced social status in the household utility. We show that the first-best labor tax rate is a positive constant that is used to correct negative consumption externalities. The first-best capital tax rate is also positive in order t...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2012
ISSN: 0022-0531
DOI: 10.1016/j.jet.2012.09.001