MacDonald, Ronald (contributor); Hallwood, Paul (contributor) - 2004
similar, perhaps even stronger, effect.
But let us not be naïve: the beneficial effects of tax assignment that we
emphasise …-distortionary in that they do not adversely affect the locational
decisions of households or firms. Moreover, if costs vary between … tax system should reflect these effects (we consider this below).
23
Macroeconomic stabilisation and income distribution …