TAILIEUCHUNG - Lecture Public finance (10/e): Chapter 16 - Harvey S. Rosen, Ted Gayer

Chapter 16 - Efficient and equitable taxation. In this chapter, the following content will be discussed: Optimal commodity taxation, the ramsey rule, the ramsey rule continued, a reinterpretation of the ramsey rule, the corlett-hague rule, equity considerations, application: taxation of the family,. | EFFICIENT AND EQUITABLE TAXATION Chapter 16 Optimal Commodity Taxation w(T – l) = PXX + PYY wT = PXX + PYY + wl wT = (1 + t)PXX + (1 + t)PYY + (1 + t)wl 1 wT = PXX + PYY + wl 1 + t 16- The Ramsey Rule X per year PX DX P0 X0 c P0 + uX b X1 ∆X a Excess Burden P0 + (uX + 1) f X2 i ∆x e j h g Marginal Excess Burden marginal excess burden = area fbae = 1/2∆x[uX + (uX + 1)] = ∆X 16- The Ramsey Rule Continued change in tax revenues = area gfih – area ibae = X2 – (X1 – X2)uX marginal tax revenue = X1 ∆X marginal tax revenue per additional dollar of tax revenue = ∆X/(X1 - ∆X) marginal tax revenue per additional dollar of tax revenue for good Y = ∆Y/(Y1 - ∆Y) To minimize overall excess burden = ∆X/(X1 - ∆X) = ∆Y/(Y1 - ∆Y) therefore 16- A Reinterpretation of the Ramsey Rule inverse elasticity rule 16- The Corlett-Hague Rule In the case of two commodities, efficient taxation requires taxing commodity complementary to leisure at a relatively high rate

• Tài chính doanh nghiệp
• Public finance
• Lecture Public finance
• Public expenditure
• Equitable taxation
• Optimal commodity taxation
• The ramsey rule
• Public Economics
• Federal system
• Fiscal federalism
• Public good
• Public spending
• Public education
• Tiebout model
• Public sector economics
• Federal government
• The corporation tax
• Tax equity
• Public goods
• Public services
• Inflation taxation
• Education Increase Earnings
• Public education improves quality
• Interpreting deficit
• Burden of the debt
• Neoclassical model
• Political economy
• Median voter model
• Special interest
• Public economy
• Legal framework
• Local governments
• Market mechanism
• Coase Theorem
• Public Responses
• Public employees
• Representative democracy
• Tools of positive analysis
• Positive analysis
• Empirical work
• Normative analysis
• Tools of normative analysis
• Welfare economics
• Nature of externalities
• Graphical analysis
• Cost benefit analysis
• Internal rate
• Benefit cost ratio
• Health care market
• Social insurance
• Risk pooling
• Moral hazard
• Market for health care
• Private health insurance
• Health insurance
• Social security
• Benefit structure
• Savings behavior
• Income redistribution
• Distributional dataissues
• Income inequality
• Expenditure programs
• Expenditure programs for the poor
• Work incentives
• Income distribution
• Tax incidence
• Partial equilibrium models
• Tax on consumption bundle
• Excess burden
• Demand curves
• Personal income tax
• Haig simons income
• Capital gains
• Personal taxation
• Human capital accumulation
• Labor supply