منابع مشابه
Corrective Taxation versus Liability
Since the writing of A. C. Pigou (1932), taxes have been emphasized as a means of control of activities that generate harm, especially in the domain of pollution, yet their use is in fact limited (Robert N. Stavins 2003). In contrast, liability has great importance in reducing harm. Much of the vast terrain of accidents—from oil spills, to crane mishaps, to car collisions—is subject to liabilit...
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This paper deals with optimal income taxation based on a model with households where men and women allocate their time between market work and household production, and where households di¤er depending on which spouse has comparative advantage in market work. The purpose is to analyze the tax policy implications of gender norms represented by a market-work norm for men and household-work norm f...
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We study which policy tool and at what level is chosen by majority voting in order to reduce negative externalities, such as pollution. We consider three instruments: a rule, that sets an upper limit to the activity which produces the negative externality, a quota that forces a proportional reduction of the activity, and a proportional tax on it. For all instruments the majority chooses levels ...
متن کاملJoint Liability Versus Individual Liability in Credit Contracts
I compare welfare generated by a credit contract with individual liability and a contract with joint liability. The problem is credit rationing caused by limited liability and unobservable investment decisions. Joint liability induces borrowers to monitor each other, however the lender can also monitor. I show that wealthier borrowers may prefer riskier investments when liability is joint, whic...
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In this paper, we employed multivariate econometric analysis approach to study the relationship between taxation and income inequality in Nigeria. The study was a country-specific approach using tax and macroeconomic data from 1980 to 2011. We collected data from the Central Bank of Nigeria Publications, Federal Inland Revenue Service, World Bank and Index Mundi. We estimated the data using a c...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2011
ISSN: 0002-8282
DOI: 10.1257/aer.101.3.273