Efficiency and stabilization : reducing Harberger triangles and Okun gaps
نویسنده
چکیده
We provide in this paper a simple example of a dynamic stochastic imperfectly competitive economy in which introducing some distortive taxation increases both allocation efficiency and stabilization. 2001 Published by Elsevier Science B.V.
منابع مشابه
Ownership of the Means of Production∗
Private ownership creates monopoly power, harming the dynamic efficiency of asset allocation. Common ownership improves allocative efficiency, but eliminates incentives to invest in the common value of assets. We propose a simple partial private ownership system, Harberger licensing, for public assets. Lessors self-assess a price at which they commit to sell the asset to any interested buyer an...
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تاریخ انتشار 2000