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作者：KRELOVE, R
作者单位：International Monetary Fund
摘要：In an economy with multiple governments, each is constrained to raise revenue for public expenditures using distortionary taxes on a directly mobile tax base. A government is said to be competitive if the total cost of its decisions, including the excess burden, is perceived to be internalized. The competitive equilibrium allocations are not constrained efficient in general: there is another set of distortionary taxes and associated public expenditures for which all individuals in the economy ...
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作者：MIRER, TW
摘要：The proper valuation of annuity wealth is important for many empirical studies of economic behavior and the distribution of wealth and well-being. This paper examines Bernheim's argument that the value of Socia Security benefit streams should be determined by simple discounting, rather than by actuarial discounting, when consumers behave according to life-cycle principles. In a model having a more realistic mortality structure than his, we document the poor performance of both methods for a br...
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作者：GERSBACH, H
摘要：In this paper, the allocation of information by a two-stage voting procedure is discussed. We define and analyze the value of public information in this framework. We show that the median voter for the decision on the project is also the median voter on the information decision. Moreover, a majority always prefer the public disclosure of information. From a utilitarian view, the average costs of the project and the tax burden of the informationally indifferent voter determines the social desir...
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作者：NEWBERY, DM
摘要：Aggregate agricultural supply is price inelastic, but responsive to investment in agricultural infrastructure (irrigation, roads, research, extension). Thus, the government should tax agriculture and finance infrastructure. Although unlikely to pay for itself directly, it will increase taxable agricultural surplus, but by raising rural living standards, and therefore the supply price of urban labour, it reduces urban tax revenue. Its marginal social product is therefore overstated when measure...
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作者：BUCHHOLZ, W
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作者：HARFORD, JD; HARRINGTON, W
作者单位：University of California System; University of California Santa Barbara
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作者：BORSCHSUPAN, A; STAHL, K
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作者：BLACKORBY, C; DAVIDSON, R; SCHWORM, W
作者单位：University of British Columbia; Aix-Marseille Universite; Queens University - Canada
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作者：BELL, C
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作者：NIETO, J
