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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/23870


    Title: First-Best Tax Policy, Congestion, and Imperfect Competition
    Authors: Hung, Hsiao-wen
    Contributors: 淡江大學產業經濟學系
    Keywords: First-best tax policies;Congestion;Imperfect competition
    Date: 2007-03
    Issue Date: 2009-11-30 17:57:01 (UTC+8)
    Publisher: Heidelberg: Springer
    Abstract: In the presence of imperfect competition and externalities -increasing returns to diversity and congestion -competitive equilibria are not efficient. Thus, the inefficiency can be modified by the introduction of appropriate fiscal policies. Under the consideration of an optimal fiscal policy, the results of this paper show that the government should pay a subsidy to labor and capital income in order to correct the production inefficiency. Furthermore, the optimal subsidy to fixed costs depends on the degree of increasing returns to diversity and the degree of congestion, and it decreases with the latter effect.
    Relation: International Review of Economics 54(1), pp.66-79
    DOI: 10.1007/s12232-007-0006-5
    Appears in Collections:[產業經濟學系暨研究所] 期刊論文

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