Is it possible to increase growth and welfare by raising taxes and disposing of the tax revenues? We show this may indeed be the case in a simple model with endogenous technical change, represented by an increase in the variety of intermediate goods

We consider the optimal factor income taxation in a standard R&D model with technical change represented by an increase in the variety of intermediate goods. Redistributing the tax burden from labor to capital will in most cases increase the employment rate in equilibrium. This has opposite...

In this paper, without the co-coerciveness assumption of the the associated mappings, we show the iterative sequences generated by our new algorithms converge strongly to a solution of the splitting monotone variational inclusion problem in infinite dimensional real Hilbert spaces. The step...