This paper derives the type of tax system (progressive, proportional or regressive) required by different marginal income utility functions to satisfy the equal absolute and equal proportional sacrifice of utility among taxpayers. The context is that in which the rules were originally...

This paper derives the type of tax system (progressive, proportional or regressive) required by different marginal income utility functions to satisfy the equal absolute and equal proportional sacrifice of utility among taxpayers. The context is that in which the rules were originally...

This article employs a life-cycle model of consumption and U.S. time-series data covering 1929-1969 to estimate the long-run impact on capital formation of substituting one dollar of debt for a dollar of taxes to finance a given level of government spending. The income redistribution effects of...

A short-run total cost function is fitted to 1992 data for 235 public libraries in New York state. The stochastic frontier model is employed, which decomposes the error term into a random variable for statistical noise and a residual component measur ing economic inefficiency. Mean...