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In economies with Ramsey taxation, decreasing returns to scale, and private ownership, we show that second-best production efficiency is desirable when the grouping of private firms induced by the profit taxation power of the government is at least as fine as the grouping of firms induced by the...
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In pure population problems, a single resource is to be distributed equally among the agents in a society, and the social planner chooses population size(s) and per-capita consumption(s) for each resource constraint and set of feasible population sizes within the domain of the solution. This...
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