Production efficiency and profit taxation
Stéphane Gauthier
(1, 2, 3)
,
Guy Laroque
(4, 5, 3)
Stéphane Gauthier
- Fonction : Auteur
- PersonId : 534
- IdHAL : stephane-gauthier
- ORCID : 0000-0002-6952-3497
- IdRef : 068987870
Guy Laroque
- Fonction : Auteur
- PersonId : 966769
- IdHAL : guy-laroque
- ORCID : 0000-0003-1109-4703
- IdRef : 026966832
Résumé
Consider a simple general equilibrium economy with one representative consumer, a single competitive firm and the government. Suppose that the government has to finance public expenditures using linear consumption taxes and/or a lump-sum tax on profits redistributed to the consumer. We show that, if the tax rate on profits cannot exceed 100 percent, one cannot improve upon the second-best optimum of an economy with constant returns to scale by using a less efficient profit-generating decreasing returns to scale technology.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Production efficiency and profit taxation
|
Résumé |
en
Consider a simple general equilibrium economy with one representative consumer, a single competitive firm and the government. Suppose that the government has to finance public expenditures using linear consumption taxes and/or a lump-sum tax on profits redistributed to the consumer. We show that, if the tax rate on profits cannot exceed 100 percent, one cannot improve upon the second-best optimum of an economy with constant returns to scale by using a less efficient profit-generating decreasing returns to scale technology.
|
Auteur(s) |
Stéphane Gauthier
1, 2, 3
, Guy Laroque
4, 5, 3
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
2
PJSE -
Paris Jourdan Sciences Economiques
( 1171428 )
- 48 boulevard Jourdan 75014 Paris
- France
3
IFS -
Laboratory of the Institute for Fiscal Studies
( 163521 )
- The Institute for Fiscal Studies 7 Ridgmount Street, London WC1E 7AE.
- Royaume-Uni
4
ECON -
Département d'économie (Sciences Po)
( 226874 )
- 28 rue des Saints-Pères - 75007 Paris
- France
5
UCL -
University College of London [London]
( 300875 )
- Gower Street, London WC1E 6BT
- Royaume-Uni
|
Volume |
52
|
Numéro |
2
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2019-02
|
Date de publication électronique |
2018-08-01
|
Page/Identifiant |
215–223
|
Domaine(s) |
|
Mots-clés (JEL) |
|
DOI | 10.1007/s00355-018-1144-2 |
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