Weak redistribution and certainty equivalent domination
Article dans une revue: We assess optimal deterministic nonlinear income taxation in a Mirrlees economy with a continuum of risk‐averse agents whose utilities are quasilinear in labor. A weak redistribution motive makes random taxes more likely socially dominated by the deterministic policy where after‐tax income lotteries are replaced with their certainty equivalents.
Auteur(s)
Stéphane Gauthier, Guy Laroque
Revue
- Journal of Public Economic Theory
Date de publication
- 2024
Mots-clés
- Asymmetric information
- Certainty equivalent
- Random taxes
- Redistribution
Pages
- e12703
URL de la notice HAL
Version
- 1
Volume
- 26