کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
969580 1479499 2006 29 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Markets as beneficial constraints on the government
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Markets as beneficial constraints on the government
چکیده انگلیسی
We study the role of anonymous markets in which trades cannot be monitored by the government. We adopt a Mirrlees approach to analyze economies in which agents have private information and a benevolent government controls optimal redistributive tax policy. While unrestricted access to anonymous markets reduces the set of policy instruments available to the government, it also limits the scope of inefficient redistributive policies when the government lacks commitment. Indeed, the restrictions that anonymous markets impose on the optimal fiscal policy, especially on capital taxation and the history-dependence of income taxation, can have positive welfare effects in this case.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Public Economics - Volume 90, Issues 4–5, May 2006, Pages 601-629
نویسندگان
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