relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities …

importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the …; asymmetric information and the income of founders; production and consumption externalities from labor effort; market power and …

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective … poor and indifferent to each other. Section 6 reviews the theory of Pareto-efficient redistribution in pure distributive …

Optimal policy rules - including those regarding income taxation, commodity taxation, public goods, and externalities … in which preferences for commodities, public goods, and externalities are heterogeneous. When preference differences are …