Uniform taxation and consumer preferences.

Diamond and Mirrlees (American Economic Review, 1971, 61, 8–27 and 261–278) showed that the first-order conditions for the Ramsey tax problem do not necessarily characterize tax optima. Researchers have since become cautious in using the first-order conditions. This paper establishes the validity of...

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Bibliographic Details
Main Authors: Besley, T, Jewitt, I
Format: Journal article
Language:English
Published: Elsevier 1995