Now showing items 1-3 of 3
Sacrifice and efficiency of the income tax schedule
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2011-11)
We investigate the efficiency of equal sacrifice tax schedules in an economy which primitives are exactly those in Mirrlees (1971): a continuum of individuals with identical preferences defined over consumption and leisure ...
A note on convergence of Peck-Shell and Green-Lin mechanisms in the Diamond-Dybvig model
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2011-07-27)
We study the effects of population size in the Peck-Shell analysis of bank runs. We find that a contract featuring equal-treatment for almost all depositors of the same type approximates the optimum. Because the approximation ...
The n-dimensional bailey-divisia measure as a general-equilibrium measure of the welfare costs of inflation
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2011-07-26)
This paper shows that in economies with several monies the Bailey-Divisia multidimensional consumers surplus formula may emerge as an exact general-equilibrium measure of the welfare costs of in ation, provided that ...