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Distribution-Neutral Welfare Ranking-Extending Pareto Principle

Marjit, Sugata - 2017

The well known Pareto criterion used in the context of efficiency and welfare has to do with absolute changes whereas in every domain of economic behaviour inequality or relative changes has become a major concern. We propose an inequality-preserving or distribution neutral Pareto criterion-the...

Persistent link: https://www.econbiz.de/10012958456

Potentially Harmful International Cooperation on Global Public Good Provision

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - 2021

-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome under supply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyze their effect …

Persistent link: https://www.econbiz.de/10013315882

Pareto-Efficient Tax Breaks

Köhne, Sebastian - 2017

perturbations that minimize resource costs. We apply our theory to study possible tax breaks for domestic services in the US economy …

Persistent link: https://www.econbiz.de/10012967273

Trade, Inequality and Distribution-Neutral Fiscal Policy – An Elementary Framework

Marjit, Sugata - 2017

Theoretical discussion on compensating mechanisms involving the Pareto criterion that address inequality rather than absolute welfare is non-existent in trade literature. In a simple HOS model we consider tax-transfer policies that keep the pre-trade degree of inequality unchanged between...

Persistent link: https://www.econbiz.de/10012954364

Resolving Intergenerational Conflict Over the Environment Under the Pareto Criterion

Andersen, Torben M. - 2016

We describe a “business as usual” (BAU) economy in which pollution is a by-product of productive activity by the current generation but “damages” production for future generations. Over time, conditions in the BAU economy become dire: it gets increasingly polluted, consumption falls and...

Persistent link: https://www.econbiz.de/10012981351

Coordinating Climate and Trade Policies : Pareto Efficiency and the Role of Border Tax Adjustments

Keen, Michael - 2011

This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country distributional...

Persistent link: https://www.econbiz.de/10013123211

Time-Consistent Fiscal Policy Under Heterogeneity : Conflicting or Common Interests

Angelopulos, Kōnstantinos - 2011

This paper studies the aggregate and distributional implications of Markov-perfect tax-spending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main findings are: (i) it is optimal for a benevolent government, which cares equally about its...

Persistent link: https://www.econbiz.de/10013125070

Profit Sharing and Relative Consumption

Goerke, Laszlo - 2012

Traditionally, it has been argued that profit sharing can increase employment and welfare because it lowers marginal labor costs without reducing total cost or labor income. In this paper, we show that profit sharing can also represent a Pareto-improvement if labor supply is excessive due to...

Persistent link: https://www.econbiz.de/10013098650

A Pareto-Improving Minimum Wage

Danziger, Eliav - 2014

This paper shows that a graduated minimum wage, in contrast to a constant minimum wage, can provide a strict Pareto improvement over what can be achieved with an optimal income tax. The reason is that a graduated minimum wage requires high-productivity workers to work more to earn the same...

Persistent link: https://www.econbiz.de/10013054019

Does Indirect Tax Harmonization Deliver Pareto Improvements in the Presence of Global Public Goods?

Karakosta, Ourania - 2009

This paper identifies conditions under which, starting from any tax distorting equilibrium, destination- and origin-based indirect tax-harmonizing reforms are potentially Pareto improving in the presence of global public goods. The first condition (unrequited transfers between governments)...

Persistent link: https://www.econbiz.de/10013158653