| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP10247
|
| DP10247 Optimal Taxation with Rent-Seeking |
| Florian Scheuer
|
| 发表日期 | 2014-11-16
|
| 出版年 | 2014
|
| 语种 | 英语
|
| 摘要 | We develop a framework for optimal taxation when agents can earn their income both in traditional activities, where private and social products coincide, and in rent-seeking activities, where private returns exceed social returns either because they involve the capture of pre-existing rents or because they reduce the returns to traditional work. We characterize Pareto optimal non-linear taxes when the government does not observe the shares of an individual?s income earned in each of the two activities. We show that the optimal externality correction typically deviates from the Pigouvian correction that would obtain if rent-seeking incomes could be perfectly targeted, even at income levels where all income is from rent-seeking. If rent-seeking externalities primarily affect other rent-seeking activity, then the optimal externality correction lies strictly below the Pigouvian correction. If the externalities fall mainly on the returns to traditional work, the optimal correction strictly exceeds it. We show that this deviation can be quantitatively important. |
| 主题 | Public Economics
|
| 关键词 | Multidimensional screening
Rent-seeking
Tax policy
|
| URL | https://cepr.org/publications/dp10247
|
| 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/539080
|
推荐引用方式
GB/T 7714 |
Florian Scheuer. DP10247 Optimal Taxation with Rent-Seeking. 2014.
|
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