Randomization in optimal income tax schedules

Article Abstract:

The optimal income tax model with two classes of individuals and two commodities is investigated. The expansion of the constrained utility possibility frontier through randomization is also analyzed. It is shown that random solutions can be significant in selection models since they can be generated for any set of ordinal preferences. This suggests that randomization should not be ignored with regard to such models in view of the large gains possible.

Planning, Income tax, Mathematical optimization, Optimization theory

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Privatization and the distribution of income in the commons

Article Abstract:

The resulting income distribution upon the privatization of a common fixed factor congested by heterogeneous users depends on the institutional arrangement of ownership and the specifications of technology. Both owner and workers gain in a situation where a linear tax on output and a fixed entry fee are imposed.

Economics, Research and Development in the Social Sciences and Humanities, Privatization, Privatization (Business), Income distribution

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Private information, Coasian bargaining, and the second welfare theorem

Article Abstract:

Welfare economics is analyzed with reference to Coasian bargaining in the presence of externalities.

United States, Science & research, Usage, Externalities (Economics), Welfare economics, Coase theorem

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