| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8120 |
| DP8120 The Henry George Theorem in a second-best world | |
| Yasusada Murata; Kristian Behrens | |
| 发表日期 | 2010-11-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | The Henry George Theorem (HGT), or the golden rule of local public finance, states that, in first-best economies, the fiscal surplus, defined as aggregate land rents minus aggregate losses from increasing returns to scale activities, is zero at optimal city sizes. We derive a general second-best HGT in which the fiscal surplus equals the excess burden, expressed as an extended Harberger formula. We then apply our theorem to various settings encompassing urban economics, the new economic geography and local public finance to investigate whether or not a single tax on land rents can raise enough revenue to cover aggregate losses from increasing returns to scale activities. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Henry george theorem Local public goods Monopolistic competition Optimal city size Second-best economies |
| URL | https://cepr.org/publications/dp8120 |
| 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/536942 |
| 推荐引用方式 GB/T 7714 | Yasusada Murata,Kristian Behrens. DP8120 The Henry George Theorem in a second-best world. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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