Results 1 to 10 of about 819,272 (189)
Prices and Taxes in a Ramsey Climate Policy Model under Heterogeneous Beliefs and Ambiguity
Economies, 2022 In a Ramsey policy regime, heterogeneity in beliefs about the potential costs of climate change is shown to produce policy ambiguities that alter carbon prices and taxation. Three sources of ambiguity are considered: (i) the private sector is skeptical, with beliefs that are unknown to the government, (ii) private agents have pessimistic doubts about ...
Peter von zur Muehlen
exaly +6 more sources
Uniform, efficient and independent Ramsey taxes across markets
Games and Economic Behavior, 2023 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Jim Jin, Rabah Amir
exaly +6 more sources
Restoring Ramsey tax lessons to Mirrleesian tax settings: Atkinson–Stiglitz and Ramsey reconciled [PDF]
Social Choice and Welfare, 2017 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Helmuth Cremer
exaly +9 more sources
RAMSEY TAXES MEET PRICE RIGIDITY
Pacific Economic Review, 2012 Abstract‘Ramsey taxes’ are commodity taxes that minimize deadweight loss. Evidence has shown dramatic differences in the extent of price rigidity across goods: while the prices of some goods change frequently, the prices of other goods seldom change. This paper examines Ramsey taxes in the presence of heterogeneous price rigidity.
Wing Leong Teo
exaly +4 more sources
On the Optimality of Ramsey Taxes in Mirrlees Economies [PDF]
SSRN Electronic Journal, 2010 In this paper, we show that a simple, linear capital tax— the kind used in the Ramsey analysis— can be optimal in a Mirrlees economy with private information. We extend the Mirrlees approach to optimal taxation by studying taxes side-by-side with another institution, rather than in isolation.
Borys Grochulski
openaire +3 more sources
An Inverse-Ramsey Tax Rule [PDF]
SSRN Electronic JournalTraditional optimal commodity tax analysis, dating back to Ramsey (1927), prescribes that to maximize welfare one should impose higher taxes on goods with lower demand elasticities. Yet policy makers do not stress minimizing efficiency costs as a desideratum.
Micheletto, Luca +3 more
semanticscholar +5 more sources
Vidyodaya Journal of Management, 2021 The aim of this paper is to examine the relationship between Pigouvian tax and marginal social cost in the presence of distortionary taxes such as commodity and wage taxes in a Ramsey setting. The Ramsey theory highlights the amount of tax required to raise a given revenue for the government which also maximizes household utility.
T.S.V. Ariyawansa, K. Amirthalingam
openaire +2 more sources
Endogenous Income Taxes and Indeterminacy in Dynamic Models: When Diamond Meets Ramsey Again [PDF]
SSRN Electronic Journal, 2009 This paper introduces fiscal increasing returns, through endogenous labor income tax rates as in Schmitt-Grohe and Uribe (1997), into the overlapping generations model with endogenous labor, consumption in both periods of life and homothetic preferences (e.g., Lloyd-Braga, Nourry and Venditti, 2007).
Zhang, Yan, Chen, Yan
openaire +2 more sources
Ramsey Strikes Back: Optimal Commodity Taxes and Redistribution in the Presence of Salience Effects
AEA Papers and Proceedings, 2018 An influential result in modern optimal tax theory, the Atkinson and Stiglitz (1976) theorem, holds that for a broad class of utility functions, all redistribution should be carried out through labor income taxation, rather than differential taxes on commodities or capital. An important requirement for that result is that commodity taxes are known and
Hunt Allcott +2 more
semanticscholar +3 more sources
The Ramsey Tax Component in the Terms of Gasoline Taxation in Turkey
34. International Public Finance Conference, 2019 Ramsey who took the first foundations of optimal tax theory and handled optimal consumption taxes analytically for the first time, discussed how taxation rules should be in order to ensure efficiency in resource allocation and to minimize loss of ...
Demet Özocaklı, Atilla Uğur
openaire +3 more sources