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The integrated treatant of optimal taxation and public expenditure presented here is based on the dual relationship between the prices of private goods and the quantities of public goods. In this paper we derive analogues of Roy's identity and the Slutsky equation for the case of public goods....
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I consider the effect of empathy towards others on the internalization of interpersonal externalities and on private …
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Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities … preferences for commodities, public goods, and externalities are heterogeneous. When preference differences are observable …
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This paper examines voluntary provision of a public good that is motivated, in part, to compensate for other activities that diminish the public good. Markets for environmental offsets, such as those that promote carbon neutrality to minimize the impact of climate change, provide an increasingly...
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