On optimal taxes and subsidies: A discrete saddle-point theorem with application to job matching under constraints
When a government intervenes in markets by setting a target amount of goods/services traded, its tax/subsidy policy is optimal if it entices the market participants to obey the policy target while achieving the highest possible social welfare. In the model of job market interventions by Kojima et...
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| Format: | Article |
| Language: | English |
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Society for the Promotion of Mechanism and Institution Design
2020-12-01
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| Series: | Journal of Mechanism and Institution Design |
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| Online Access: |
http://www.mechanism-design.org/arch/v005-1/p_02.pdf
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