Investment in local public services: Nash equilibrium and social optimum

Article Abstract:

The ideal conditions of a local public good which are inseparable and which create interjurisdictional overflows are studied in the context of a two-community setting. Results from the Nash equilibrium are compared with a first-best solution based on a Benthamian welfare function. Analysis indicates that social optimality can be possible in the context of a Nash equilibrium despite the absence of government intervention through the implementation of matching grants.

Research, Public goods, Welfare economics, Equilibrium (Economics)

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Fiscal competition and the pattern of public spending

Article Abstract:

Incompetency in the level and pattern of public expenditure arises whenever fiscal competition becomes uncoordinated. Overprovision of public inputs or underprovision of articles related to direct consumption benefits results whenever a nation engages in unilateral enhancement of public inputs provision. A decline in the public provision of local public goods assisting immobile consumers also affects public expenditure.

Public investments, Expenditures, Public, Public expenditures

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The value of explicit randomization in the tax code

Article Abstract:

The integration of explicit randomization into the tax code results to improvement in tax collection and elimination of tax evasion. A simple stylized model of tax evasion shows that explicit randomization forces people to reveal their actual income under optimal policies. Such measure also decreases costs associated with tax auditing and permits greater utilization of taxes to attain social goals.

Tax Law, Public Finance Activities, Models, Tax research, Tax collection, Taxpayer compliance

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