WebJan 1, 2002 · Abstract. The integration of world capital markets carries important implications for the design and impact of tax policies. This paper evaluates research findings on international taxation, drawing attention to connections and inconsistencies between theoretical and empirical observations. Diamond and Mirrlees, 1971a, Diamond and … WebApr 8, 2024 · The policy implication of the lemma is that commodity taxes should be levied on final consumption goods and not on inputs to production. This lemma justifies the use of a value-added tax system in which producers can reclaim the tax paid on inputs. From: Diamond–Mirrlees production efficiency lemma in A Dictionary of Economics ».
Optimal Taxation and Public Production: I--Production …
WebAmerican Economic Association WebIssue Date March 2016. We show that the Diamond and Mirrlees (1971) linear tax model contains the Mirrlees (1971) nonlinear tax model as a special case. In this sense, the … diabetes child risk assessment
Externalities and Production Efficiency
WebThird, capital income should be taxed. We explain why the famous zero marginal tax rate result for the top earner in the Mirrlees model and the zero capital income tax rate results of Chamley and Judd, and Atkinson and Stiglitz are not policy relevant in our view. Citation Diamond, Peter, and Emmanuel Saez. 2011. WebBuilding on Diamond and Mirrlees [1971], Sandmo [1975], and Cremer and Gavhari [1999], we find that marginal costs of pollution abatement should be equal for firms, consumers and government, within and across polluting activities. Furthermore, a combination of emission standards and presumptive Pigovian taxes can mimic the emission tax. WebJan 1, 2024 · Peter Diamond has made fundamental contributions to economic theory over a wide range of areas including search theory and its implications for unemployment (for which he was awarded the Nobel Memorial Prize), optimal taxation, which he pioneered with James Mirrlees, incomplete markets and their implications inter alia for the design of … diabetes chicken recipes