This note assesses the relative efficiency of different tax bases in an open economy. If terms of trade effects are large, lump-sum taxation may be inferior to distortionary consumption or wage taxes. This result is demonstrated analytically using a simple neoclassical model. An overlapping...

This paper examines the implications of European fiscal harmonization for the French economy using a general equilibrium model. The latter extends the overlapping generations simulation model of Auerbach and Kotlikoff in three ways. A well-developed external sector is included. Households face...

Slow rotating waterwheels have been recently proposed as affordable sources of renewable energy in rural areas. In terms of hydraulic efficiency, classical horizontal waterwheels reach values on the order of 50%, being well below those obtained from overshot (71%), waterfall (66%) and, even,...