| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3839 |
| DP3839 Weddings with Uncertain Prospects - Mergers under Asymmetric Information | |
| Armin Schmutzler; Stefan Bühler; Thomas Borek | |
| 发表日期 | 2003-03-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | We analyse how, in representative democracies, income distribution influences the stringency of environmental policy and economic growth. Individuals (who differ in abilities) live for two periods, working when young and owning capital when old. Externalities are caused by a polluting factor. The revenue from pollution taxation, as well as capital-income taxation, is redistributed in a lump-sum to the old. A majority-elected representative takes the fiscal decision, at each point in time. In politico-economic equilibrium, more inequality (in terms of the skewedness of the distribution) yields a lower pollution tax, a larger capital tax, and lower growth. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Environmental policy Redistribution Inequality Political economy Growth |
| URL | https://cepr.org/publications/dp3839 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532823 |
| 推荐引用方式 GB/T 7714 | Armin Schmutzler,Stefan Bühler,Thomas Borek. DP3839 Weddings with Uncertain Prospects - Mergers under Asymmetric Information. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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