Equity, Incentives, and Taxation

ISBN-13: 9783540511311 / Angielski / Miękka / 1989 / 132 str.

Georg Tillmann

Opis

Redistribution is one of the most fundamental issues in welfare economics. In connection with this term the following questions directly arise: What is a good redistribution ? Which (governmental) instruments should be used to attain it ? Is there a "best instrument" if several of them are available? Or, to express it more generally, which allocations are at all attainable if special instruments are at hand ? All these questions are formulated in an extremely vague way. It will be the task of the following work to make these questions precise and to give answers - as far as possible. It is a matter of course that these answers will not be exhaustive because redistribution is too wide a field. I have used the word "instrument" intentionally. In doing so, Iwanted to indicate that it is not necessary to restrict oneself to income - or commodity taxes as is common place in public finance when aiming at redistribution.

Spis treści

I Fairness and production.- 1.1 The model.- 1.2 Finite economies.- 1.3 Continuum economies.- 1.4 Income tax implementability.- 1.5 Proofs.- II Redistribution, observability and different tax systems.- 2.1 The model and first definitions.- 2.2 Finite economies.- 2.2.1 PO(?) versus PO(y).- 2.2.2 PO(y, ?) versus PO(?) and PO(y).- 2.2.3 Wage taxes T(n) and PO(n).- 2.3 Continuum economies.- 2.4 Proofs.- III Taxation as insurance.- 3.1 The model.- 3.2 First and second best solutions.- 3.3 Remarks.- 3.4 Proofs.- Appendix: The deterministic versus the stochastic model.- Final Remarks.- References.