期刊
JOURNAL OF POLITICAL ECONOMY
卷 111, 期 4, 页码 898-927出版社
UNIV CHICAGO PRESS
DOI: 10.1086/375378
关键词
-
类别
We show that under typical conditions the simple excess-burden triangle formula substantially underestimates the excess burden of commodity taxes, in some cases by a factor of 10 or more. This formula performs poorly because it ignores general equilibrium interactions - most important, interactions between the taxed commodity and the labor market. Many prior studies have shown that general equilibrium interactions affect excess burden but have not appreciated the bias associated with ignoring these interactions or the quantitative importance of this bias. We derive an implementable alternative to the simple formula. This alternative formula captures interactions that the simple formula omits; as a result it is both unbiased and usually more accurate.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据