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Some Lessons from the New Public Finance
TLDR
In the last few years, there has developed a large literature, sometimes referred to as the new "public finance," providing a quantitative analysis of a number of traditional problems within the field.Abstract:
In the last few years, there has developed a large literature, sometimes referred to as the new "public finance," providing a quantitative analysis of a number of traditional problems within the field. This paper is concerned with surveying, or interpreting, what can be learned from this literature; and our belief is that it has taught us a great deal. We concern ourselves here not so much with the derivation of precise formulae, e.g. for optimal tax rates, but with the more general lessons which have emerged.read more
Citations
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An introduction to the TAXSIM model
TL;DR: The TAXSIM model is now 17 years old and has been used in scores of NBER projects as mentioned in this paper, including tax calculators used by six of the papers in this issue of the JPAM.
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Comparative national balance sheets : a study of twenty countries, 1688-1978
Jack Revell,Raymond W. Goldsmith +1 more
TL;DR: Goldsmith's "Comparative National Balance Sheets" as discussed by the authors provides an essential basis for the quantitative analysis of the long-term financial development of twenty of the largest nations in the world.
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Optimal non-linear health insurance.
TL;DR: In this paper, the authors used dynamic optimization techniques to analyse the properties of optimal non-linear insurance schedules in a model similar to one originally considered by Spence and Zeckhauser ( American Economic Review, 1971, 61, 380-387).
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Journal ArticleDOI
An introduction to the TAXSIM model
TL;DR: The TAXSIM model is now 17 years old and has been used in scores of NBER projects as mentioned in this paper, including tax calculators used by six of the papers in this issue of the JPAM.
Book ChapterDOI
Optimal departures from marginal cost pricing
TL;DR: In this article, the authors focus on departures from marginal cost pricing and theorems developed for resource allocation for optimal allocation or resources, and the level of tax revenue that will be collected by the government.