Political Economy and the Social Marginal Cost of Public Funds
Title | Political Economy and the Social Marginal Cost of Public Funds PDF eBook |
Author | K. W. Kevin Hsu |
Publisher | |
Pages | 0 |
Release | 2008 |
Genre | |
ISBN |
In previous studies on the social marginal cost of public funds (SMCF), the existing tax system has been assumed to be either arbitrary or optimal. This note explores another possibility: the existing tax system itself represents a political equilibrium. Our exploration proceeds in Meltzer and Richards (1981) political economy of redistributive taxation. An interesting feature of our finding is that the degree of income inequality as measured by the ratio of mean to median income can play an important role in estimating the SMCF and judging whether the level of redistribution is excessive or inadequate.
Public Finance and Public Policy
Title | Public Finance and Public Policy PDF eBook |
Author | Arye L. Hillman |
Publisher | Cambridge University Press |
Pages | 657 |
Release | 2019-01-10 |
Genre | Business & Economics |
ISBN | 1107136318 |
Using a political-economy perspective this book is an introduction to the responsibilities and limitations of government in a market economy.
The Relationship Between the Marginal Cost of Public Funds and Marginal Excess Burden
Title | The Relationship Between the Marginal Cost of Public Funds and Marginal Excess Burden PDF eBook |
Author | Robert K. Triest |
Publisher | |
Pages | 25 |
Release | 1987 |
Genre | |
ISBN |
Public Finance and Public Choice
Title | Public Finance and Public Choice PDF eBook |
Author | John Cullis |
Publisher | Oxford University Press, USA |
Pages | 561 |
Release | 2009-07-09 |
Genre | Business & Economics |
ISBN | 0199234787 |
Public Finance and Public Choice provides a comprehensive analysis of the economics of the public sector, taking a diagrammatic approach to the subject. Particular emphasis is given to the public choice and behavioural economics schools of thought.
Public Finance and the American Economy
Title | Public Finance and the American Economy PDF eBook |
Author | Neil Bruce |
Publisher | Addison Wesley |
Pages | 716 |
Release | 2001 |
Genre | Business & Economics |
ISBN |
Praised for its accessibility and clarity, the second edition of this comprehensive introduction to public finance continues to illuminate the important and challenging areas of government spending, distribution, and taxation in the United States. In this new edition, the author has made many changes--all with a view toward actively engaging the student in learning about programs and policies critical to the lives of American citizens. -- Page 4 of cover.
Public Sector Economics
Title | Public Sector Economics PDF eBook |
Author | Robert Millward |
Publisher | London ; New York : Longman |
Pages | 304 |
Release | 1983 |
Genre | Business & Economics |
ISBN |
The Marginal Cost of Public Funds
Title | The Marginal Cost of Public Funds PDF eBook |
Author | Bev Dahlby |
Publisher | MIT Press |
Pages | 347 |
Release | 2008-04-25 |
Genre | Business & Economics |
ISBN | 0262292319 |
A unified treatment of the marginal cost of public funds, covering both its theoretical foundations and how the MCF concept can be used to analyze tax policy issues. The marginal cost of public funds (MCF) measures the loss incurred by society in raising additional revenues to finance government spending. The MCF has emerged as one of the most important concepts in public economics; it is a key component in evaluations of tax reforms, public expenditure programs, and other public policies. The Marginal Cost of Public Funds provides a unified treatment of the MCF, carefully developing its theoretical foundations in a variety of contexts and describing its application to a wide range of policies—from excise taxes in Thailand to public sector borrowing in Canada and the United States. The Marginal Cost of Public Funds develops the basic theory of the MCF within the framework of public economics and shows how it is related to the traditional measures of the efficiency loss from distortionary taxation. The MCF concept is then applied to the major sources of revenues for governments—sales and excise taxes, taxes on labor income, taxes on the return to capital, public sector borrowing, and intergovernmental grants. This book will be an essential reference for economists and public policy analysts both in and out of government. Exercises and recommendations for further reading at the end of each main chapter highlight its usefulness as a supplementary text in advanced undergraduate or graduate courses in public economics.