by Institute for Economic Research, Queen"s University in Kingston, Ont .
Written in English
Bibliography: leaf 22.
|Statement||by Richard Harris.|
|Series||Discussion paper - Institute for Economic Research, Queen"s University ; no. 197, Discussion paper (Queen"s University (Kingston, Ont.). Institute for Economic Research) ;, no. 197.|
|LC Classifications||HJ2352 .H37|
|The Physical Object|
|Pagination||22 leaves ;|
|Number of Pages||22|
|LC Control Number||76379500|
“A Note on Convex−Concave Demand Systems with an Application to the Theory of Optimal Taxation.” Discussion Paper No. , Queen's University, Canada. Google Scholar Hillier, B., and J. M. Malcomson. (). “Dynamic Inconsistency, Rational Expectations, and Optimal Government Policy.” Econometrica 52 Cited by: 9. the number of automobiles purchased. In these notes, with the exception of the theorems that assume convex preferences, all of the results remain true even when some of the goods may be indivisible. 2 Marshallian Demand In this section and the next, we derive File Size: KB. This paper is an application of the theory of optimal taxation to the study of aggregative fiscal and monetary policy. Our analysis is squarely in the neoclassical, welfare-economic tradition stemming from Ramsey’s () contribution., so it will be useful to begin by reviewing the leading. The standard theory of optimal taxation posits that a tax system should be chosen to maximize a social welfare function subject to a set of constraints. The literature on optimal taxation typically treats the social planner as a utilitarian: that is, the social welfare function is .
healthcare system. The standard theory of how markets work is the model of sup-ply and demand, in which buyers and sellers are guided by prices to an efficient allocation of resources. Yet, as we will see, the market for healthcare deviates from this model in many ways. These deviations often call for government policies. A. Woodland, in Handbook of the Economics of Population Aging, The Taxation of Capital Income. An important strand of the literature on optimal taxation in dynamic economies concerns the proposition that the income tax rate on income from capital should be zero. This proposition was initiated by Judd (), who considered a closed economy producing a single product that could be. 1. Demand Analysis and Forecasting: A business firm is an economic organisation which transform productive resources into goods to be sold in the market. A major part of business decision making depends on accurate estimates of demand. A demand forecast can serve as a guide to management for maintaining and strengthening market position. In this article we will discuss about the principles of taxation. The most important source of government revenue is tax. A tax is a compulsory payment made by individuals and companies to the government on the basis of certain well-established rules or criteria such as income earned, property owned, capital gains made or expenditure incurred (money spent) on domestic and imported articles.
A major goal of the chapter is to integrate our previous results on second-best tax theory with second-best public expenditure theory. The chapter presents the Diamond/Mirrlees result that production should be efficient under optimal taxation and Boadway’s analysis of the optimal government production rules under non-optimal distorting taxation. Managerial Economics: Concepts and Tools is intended as a textbook for Managerial Economics courses in Business and Management postgraduate progammes. Convex, concave, strictly convex, and strongly convex functions First and second order characterizations of convex functions Optimality conditions for convex problems 1 Theory of convex functions De nition Let’s rst recall the de nition of a convex function. De nition 1. A function f: Rn!Ris convex if its domain is a convex set and for. Principles of Macroeconomics Lecture notes ECON - Lecture Notes on Chapter 6 - Unemployment ECON - Lecture Notes on Chapter 5 - National Income Accounting ECON - Lecture Notes on Chapter 9 - Aggregate Demand Econ Final SG - Summary Principles of Macroeconomics Discussion Notes CH 6.