Koskela, Erkki (contributor); Schöb, Ronnie (contributor) - 2004 - [Elektronische Ressource]
trade unions, a capital tax should not be employed as long as
profits are high enough so that non-distortive profit taxes ….
Thus, we (i) consider a small open economy that cannot influence the terms-of-trade, (ii) do
not impose any restrictions …-of-tax wage , which is negotiated between the trade union and the firm, plus
the labour tax, i.e.
u
w
u
w
u
wtw )1(
~
+= , with …