Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 323-338 |
| Seitenumfang | 16 |
| Fachzeitschrift | FINANZARCHIV |
| Jahrgang | 62 |
| Ausgabenummer | 3 |
| Publikationsstatus | Veröffentlicht - Sept. 2006 |
Abstract
This paper makes a fresh attempt at characterizing optimal commodity taxes. Under the usual assumptions, an extremely simple expression for second-best commodity taxes is derived, showing tax rates as functions of observable variables only, rather than as functions of unobservable variables such as compensated cross-elasticities. The main formula is independent of special preferences and of the number of commodities. It has a simple economic meaning and could be particularly useful for empirical research. Examples and remarks on the normalization problem are provided.
ASJC Scopus Sachgebiete
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Finanzwesen
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in: FINANZARCHIV, Jahrgang 62, Nr. 3, 09.2006, S. 323-338.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
}
TY - JOUR
T1 - A new approach to optimal commodity taxation
AU - Homburg, Stefan
PY - 2006/9
Y1 - 2006/9
N2 - This paper makes a fresh attempt at characterizing optimal commodity taxes. Under the usual assumptions, an extremely simple expression for second-best commodity taxes is derived, showing tax rates as functions of observable variables only, rather than as functions of unobservable variables such as compensated cross-elasticities. The main formula is independent of special preferences and of the number of commodities. It has a simple economic meaning and could be particularly useful for empirical research. Examples and remarks on the normalization problem are provided.
AB - This paper makes a fresh attempt at characterizing optimal commodity taxes. Under the usual assumptions, an extremely simple expression for second-best commodity taxes is derived, showing tax rates as functions of observable variables only, rather than as functions of unobservable variables such as compensated cross-elasticities. The main formula is independent of special preferences and of the number of commodities. It has a simple economic meaning and could be particularly useful for empirical research. Examples and remarks on the normalization problem are provided.
KW - Optimal commodity taxation
KW - Ramsey rule
UR - http://www.scopus.com/inward/record.url?scp=34249077253&partnerID=8YFLogxK
U2 - 10.1628/001522106X153392
DO - 10.1628/001522106X153392
M3 - Article
AN - SCOPUS:34249077253
VL - 62
SP - 323
EP - 338
JO - FINANZARCHIV
JF - FINANZARCHIV
SN - 0015-2218
IS - 3
ER -