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Modified Ramsey Rule and Optimal Carbon Tax

Atmospheric and Climate Sciences, 2016
The Ramsey rule is regarded as a convenient vehicle for estimating the social discount rate in general. Carbon pricing is treated as another theory of environmental economics. This study clarifies the theoretical relationship between the Ramsey rule and optimal carbon price, which has been overlooked in the existing research.
openaire   +2 more sources

Leadership beyond the battlefield: How military‐experienced senior executives influence analyst coverage, forecast accuracy, and dispersion

Journal of Financial Research, EarlyView.
Abstract This study examines how military‐experienced senior executives shape analysts' information environment and forecasting outcomes. Using U.S.‐listed firms from 2000 to 2020, we find that firms led by ex‐military executives attract greater analyst coverage, exhibit lower forecast inaccuracy, and experience lower forecast dispersion.
Zhe Li, Bo Wang, Weidong Lin
wiley   +1 more source

Policy Biases in a Model with Labor‐Market Frictions

Journal of Money, Credit and Banking, EarlyView.
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley   +1 more source

How Are “Financial Balances” Financed? Wicksell, (Keynes) and the US Mainstream Don't Fit Today's Institutions; Kalecki, Triffin, and Minsky Got it Right

Metroeconomica, EarlyView.
ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley   +1 more source

A Post Keynesian Model of Growth and Wealth Distribution: Government’s Optimal Tax Choice Using an Intertemporal Infinitely Representative Agent

Revista de Economia Mackenzie, 2009
The article evaluates how a post Keynesian model of growth and wealth distribution in the line of Kaldor-Pasinetti can be extended using an infinitely lived representative agent of the type of Ramsey (1928).
Hugo Chu Chun Wei, Ricardo Silva Azevedo Araújo   +1 more
doaj  

Semidefinite Programming and Ramsey Numbers [PDF]

, 2021
Finding exact Ramsey numbers is a problem typically restricted to relatively small graphs. The flag algebra method was developed to find asymptotic results for very large graphs, so it seems that the method is not suitable for finding small Ramsey ...
Lidicky, Bernard, Pfender, Florian
core  

Do State Lotteries Exploit their Lottery Power? Optimal Lotto Pricing With Heterogeneous Players: Evidence from the United Kingdom

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT We propose a new model of revenue‐maximising lottery pricing under income‐related heterogeneity and apply it to 13 years of UK National Lottery data. Our pricing rule shows how a state's lottery power is shaped by heterogeneities in lotto demand and the income distribution, and we study its efficiency and distributional implications.
Martin Forster, Emanuela Randon, Robert Pryce   +2 more
wiley   +1 more source

Sharing the Burden: How Corporatism Shapes the Division of Environmental Tax Revenue

Regulation &Governance, EarlyView.
ABSTRACT This comparative study spanning more than two decades examines how corporatist institutions shape the distribution of environmental tax revenue between producers and consumers. Environmental taxes have become a key policy instrument for addressing climate change and other environmental problems, but their effectiveness and political viability ...
Pär Dalén
wiley   +1 more source

Carbon Taxation in a Second‐Best Setting: Impacts of Sectoral Differences on Optimal Rates

Journal of Public Economic Theory, Volume 28, Issue 5, October 2026.
ABSTRACT This paper investigates the Ramsey‐optimal fiscal and environmental policy in an economy with two differentiated final‐goods sectors: brown (pollutive) and green (zero emissions). This analysis provides new insights into the interaction between distortionary taxes and carbon taxes in both the short run and long run.
Mehrab Kiarsi, Nahid Masoudi
wiley   +1 more source

A note on Ramsey and Corlett-Hague rules [PDF]

, 1992
Ramsey-type results dictate that an optimal pattern of taxes must tax more heavily those goods which have a more inelastic(compensated)demand. Corlett and Hague (1953) investigated the optimal revenue-neutral movements from an initial uniform tax.
Ley, Eduardo
core   +1 more source