We extend marginal excess burden (MEB) analysis in public finance literature to a dynamic general equilibrium model with incomplete markets and heterogeneous households. This extension allows us quantitatively assess efficiency ranking incidence of taxes. Our results indicate disparity welfare cost distributional consequence different forms taxation on capital, labor consumption. According our ...

Most integrodifference models of biological invasions are based on the nonoverlapping-generations approximation. However, the effect of multiple reproduction events (overlapping generations) on the front speed can be very important (especially for species with a long life spam). Only in one-dimensional space has this approximation been relaxed previously, although almost all biological invasion...

The classical Debreu-Scarf core equivalence theorem asserts that in an exchange economy with a finite number of agents art allocation (under certain conditions) is a Walrasian equilibrium if and only if it belongs to the core of every replica of the exchange economy. The pioneering work of P. Samuelson has shown that such a result fails to be true in exchange economies with a countable number o...