TY - JOUR
T1 - Proportional taxation
T2 - Nonexistence of stable structures in an economy with a public good
AU - Weber, Shlomo
AU - Zamir, Shmuel
PY - 1985/2
Y1 - 1985/2
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=0000146449&partnerID=8YFLogxK
U2 - 10.1016/0022-0531(85)90069-9
DO - 10.1016/0022-0531(85)90069-9
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AN - SCOPUS:0000146449
SN - 0022-0531
VL - 35
SP - 178
EP - 185
JO - Journal of Economic Theory
JF - Journal of Economic Theory
IS - 1
ER -