First-Best Tax Policy, Congestion, and Imperfect Competition

機構典藏 > College of Business and Management > Graduate Institute & Department of Industrial Economics > Journal Article > Item 987654321/23870

Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/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:	[Graduate Institute & Department of Industrial Economics] Journal Article

Files in This Item:

File	Size	Format
1865-1704_54(1)_p66-79.pdf	389Kb	Adobe PDF	230	View/Open
First-Best Tax Policy, Congestion, and Imperfect Competition.pdf	389Kb	Adobe PDF	1	View/Open
index.html	0Kb	HTML	60	View/Open