Separability and public finance

In a second best environment, the optimal policy choice sometimes follows ﬁrst best rules, as described in a number of scattered works. This paper presents a formal general argument which allows to unify much of the literature. It lays down the information structure and separability assumptions under which the results hold in a variety of setups, with extensions to preference heterogeneity and individual production sets

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Year of publication:	2009-12
Authors:	Gauthier, Stéphane ; Laroque, Guy
Institutions:	HAL
Subject:	separability \| second best optimality \| indirect taxes \| Samuelson rule \| Pigovian taxation \| individual production

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00731132 Published, Journal of Public Economics, 2009, 93, 11-12, 1168-1174
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010821099