Redistribution with ex-ante unobserved choice
Autor(a) principal: | |
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Data de Publicação: | 2003 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/889 |
Resumo: | Introducing dynamics to Mirrlees' (1971) optimal taxation model creates a whole new set of issues that are only starting to be investigated in the literature. When choices are made before one's realizing her productivity incentive constraints ought to be defined as a function of more complex strategies than in the static case. 80 far, all work has assumed that these choices are observable and can be contracted upon by the government. Here we investigate choices that : i) are not observed, andj ii) affect preferences conditional Oil the realization of types. In the simplest possible model where a non-trivial filtration is incorporated we show how these two characteristics make it necessary for IC constraints to be defined in terms of strategies rather than pure announcements. Tax prescriptions are derived, and it is shown that they bear some resemblance to classic optimal taxation results. We are able to show that in the most 'natural' cases return on capital ought to be taxed . However, we also show that the uniform taxation prescription of Atkinson and Stiglitz fails to hold, in general. |
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Costa, Carlos Eugênio daEscolas::EPGEFGV2008-05-13T15:39:20Z2008-05-13T15:39:20Z2003-10-020104-8910http://hdl.handle.net/10438/889Introducing dynamics to Mirrlees' (1971) optimal taxation model creates a whole new set of issues that are only starting to be investigated in the literature. When choices are made before one's realizing her productivity incentive constraints ought to be defined as a function of more complex strategies than in the static case. 80 far, all work has assumed that these choices are observable and can be contracted upon by the government. Here we investigate choices that : i) are not observed, andj ii) affect preferences conditional Oil the realization of types. In the simplest possible model where a non-trivial filtration is incorporated we show how these two characteristics make it necessary for IC constraints to be defined in terms of strategies rather than pure announcements. Tax prescriptions are derived, and it is shown that they bear some resemblance to classic optimal taxation results. We are able to show that in the most 'natural' cases return on capital ought to be taxed . However, we also show that the uniform taxation prescription of Atkinson and Stiglitz fails to hold, in general.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;498Optimal taxationNon-observabilityDynamic contractsEconomiaEconomiaRedistribution with ex-ante unobserved choiceinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTEXT1398.pdf.txt1398.pdf.txtExtracted Texttext/plain18067https://repositorio.fgv.br/bitstreams/3c3ea373-2d21-4388-b238-0b1f1bc67b56/downloadf7ee4b3d8a9fc3345f5063498972636aMD521398(2).pdf.txt1398(2).pdf.txtExtracted texttext/plain77183https://repositorio.fgv.br/bitstreams/e05d21a4-d4e2-4e64-8d1c-6140d775c53d/download68f795158870aec14dcf5d19d435d793MD58ORIGINAL1398(2).pdf1398(2).pdfapplication/pdf9866889https://repositorio.fgv.br/bitstreams/6c27736d-2933-47ff-8262-f0a696b3d07c/download987c012a75166e4adf5db3b4bf0d9677MD53THUMBNAIL1398(2).pdf.jpg1398(2).pdf.jpgGenerated Thumbnailimage/jpeg3325https://repositorio.fgv.br/bitstreams/ad2aeaba-bbce-4591-b700-6abe2188dd87/downloadf414a1d445b657777a2efde8477272abMD5910438/8892023-11-08 22:56:36.915open.accessoai:repositorio.fgv.br:10438/889https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-08T22:56:36Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
Redistribution with ex-ante unobserved choice |
title |
Redistribution with ex-ante unobserved choice |
spellingShingle |
Redistribution with ex-ante unobserved choice Costa, Carlos Eugênio da Optimal taxation Non-observability Dynamic contracts Economia Economia |
title_short |
Redistribution with ex-ante unobserved choice |
title_full |
Redistribution with ex-ante unobserved choice |
title_fullStr |
Redistribution with ex-ante unobserved choice |
title_full_unstemmed |
Redistribution with ex-ante unobserved choice |
title_sort |
Redistribution with ex-ante unobserved choice |
author |
Costa, Carlos Eugênio da |
author_facet |
Costa, Carlos Eugênio da |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Costa, Carlos Eugênio da |
dc.subject.por.fl_str_mv |
Optimal taxation Non-observability Dynamic contracts |
topic |
Optimal taxation Non-observability Dynamic contracts Economia Economia |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Economia |
description |
Introducing dynamics to Mirrlees' (1971) optimal taxation model creates a whole new set of issues that are only starting to be investigated in the literature. When choices are made before one's realizing her productivity incentive constraints ought to be defined as a function of more complex strategies than in the static case. 80 far, all work has assumed that these choices are observable and can be contracted upon by the government. Here we investigate choices that : i) are not observed, andj ii) affect preferences conditional Oil the realization of types. In the simplest possible model where a non-trivial filtration is incorporated we show how these two characteristics make it necessary for IC constraints to be defined in terms of strategies rather than pure announcements. Tax prescriptions are derived, and it is shown that they bear some resemblance to classic optimal taxation results. We are able to show that in the most 'natural' cases return on capital ought to be taxed . However, we also show that the uniform taxation prescription of Atkinson and Stiglitz fails to hold, in general. |
publishDate |
2003 |
dc.date.issued.fl_str_mv |
2003-10-02 |
dc.date.accessioned.fl_str_mv |
2008-05-13T15:39:20Z |
dc.date.available.fl_str_mv |
2008-05-13T15:39:20Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/article |
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article |
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publishedVersion |
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http://hdl.handle.net/10438/889 |
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0104-8910 |
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0104-8910 |
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http://hdl.handle.net/10438/889 |
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eng |
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eng |
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Ensaios Econômicos;498 |
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info:eu-repo/semantics/openAccess |
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openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
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