Showing 1 - 10 of 23
There still seems to be some confusion about the consequences of normalisations in the optimal taxation literature. We claim that:1) Normalisations do not matter for the real solution of optimal taxation problem.2) Normalisations do matter for good characterisations of the solutions to optimal...
Persistent link: https://www.econbiz.de/10005406236
We analyse the question of optimal taxation in a dual economy, when the government is concerned about the distribution of labour income. Income inequality is caused by the presence of sunk capital investments, which creates a .good jobs. sector due to the capture of quasi-rents by trade unions....
Persistent link: https://www.econbiz.de/10009370660
We analyse the question of optimal taxation in a dual economy, when the policy-maker is concerned about the distribution of labour income. Income inequality is caused by the presence of sunk capital investments, which creates a "good jobs" sector due to the capture of quasi-rents by trade...
Persistent link: https://www.econbiz.de/10005666027
We analyse the question of optimal taxation in a dual economy, when the government is concerned about the distribution of labour income. Income inequality is caused by the presence of sunk capital investments, which creates a ‘good jobs’ sector due to the capture of quasi-rents by trade...
Persistent link: https://www.econbiz.de/10005765638
There still seems to be some confusion about the consequences of normalisations in the optimal taxation litterature. We claim that: 1) Normalisations do not matter for the real solution of optimal taxation problem. 2) Normalisations do matter for good characterisations of the solutions to...
Persistent link: https://www.econbiz.de/10008919568
Persistent link: https://www.econbiz.de/10005388365
Persistent link: https://www.econbiz.de/10005413738
The solution of an equation f(x)=γ given by an increasing function f on an interval I and right-hand side γ, can be approximated by a sequence calculated according to Newton’s method. In this article, global convergence of the method is considered in the strong sense of convergence for any...
Persistent link: https://www.econbiz.de/10010999792
Persistent link: https://www.econbiz.de/10005588658
This paper considers the set of Lorenz-maximal imputations in the core of a balanced cooperative game as a solution concept. It is shown that the Lorenz-solution concept satisfies a number of suitable properties such as desirability, continuity and the reduced game property. Moreover, the paper...
Persistent link: https://www.econbiz.de/10005598501