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A fiscal regime solving the incentive inconsistency problem
Abstract This paper proposes a fiscal taxation/subsidy regime, which can mitigate the incentive inconsistency problem in the selection of a price policy (Yao and Lai, Ann Reg Sci, 2006). Through this regime, a Pareto improvement may be achieved. The results show that the efficacy of governmental intervention is more direct in the case of rectangular demand than that in linear demand. The distortion due to the incentive inconsistency cannot be easily regulated.
A fiscal regime solving the incentive inconsistency problem
Abstract This paper proposes a fiscal taxation/subsidy regime, which can mitigate the incentive inconsistency problem in the selection of a price policy (Yao and Lai, Ann Reg Sci, 2006). Through this regime, a Pareto improvement may be achieved. The results show that the efficacy of governmental intervention is more direct in the case of rectangular demand than that in linear demand. The distortion due to the incentive inconsistency cannot be easily regulated.
A fiscal regime solving the incentive inconsistency problem
Yao, Jen-Te (Autor:in) / Lai, Fu-Chuan (Autor:in)
2006
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
BKL:
83.64$jRegionalwirtschaft
/
74.12
Stadtgeographie, Siedlungsgeographie
/
38.00$jGeowissenschaften: Allgemeines
/
38.00
Geowissenschaften: Allgemeines
/
83.64
Regionalwirtschaft
/
74.12$jStadtgeographie$jSiedlungsgeographie
RVK:
ELIB39
/
ELIB18
/
ELIB45
Lokalklassifikation FBW:
oek 4450
A fiscal regime solving the incentive inconsistency problem
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