An income inequality measure satisfies the Pigou-Dalton transfer principle if progressive transfers decrease income inequality. When transfers cause transaction costs, one can trace out the maximum leakage such that the transfer pays at the margin. An income inequality measure is leaky-bucket...

Leaky-bucket transactions can be regarded as income transfers allowing for transaction costs. In its most rudimentary form, leaky-bucket transactions trace out the maximum “leakage” of transaction costs before income inequality is exacerbated, or—alternatively—before a welfare loss is...

Die Arbeit von Deffains und Demougin betrachtet ein Modell mit zwei Produktionsfaktoren, Arbeit und Kapital, einem Konsumgut, welches mit zwei Technologien, einer mit ausschließlichem Kapitaleinsatz und einer mit additiv-separablem Arbeits- und Kapitaleinsatz, produziert werden könne, und zwei...

Schumpeter took a great interest in actual fiscal policy, first, during ?9?8 and ?9?9 to rescue Austria’s economic position and currency in the aftermath of World War i. These reform proposals pertain to situations of extreme economic misery. For reforms of the fiscal system under normal...