Proportional taxation: Nonexistence of stable structures in an economy with a public good

Shlomo Weber*, Shmuel Zamir

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

15 Scopus citations

Abstract

Guesnerie and Oddou [J. Econom. Theory 25 (1981), 67-91] raised the open question whether an economy, in which the production of a public good is financed via proportional taxation, has a stable structure. By means of the first example a negative answer to this question is provided. The second example shows that a stable structure may fail to exist even if all the individuals have the same initial endowments in private good.

Original languageEnglish
Pages (from-to)178-185
Number of pages8
JournalJournal of Economic Theory
Volume35
Issue number1
DOIs
StatePublished - Feb 1985

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