Optimal income taxation, public-goods provision and public-sector pricing : a contribution to the foundations of public economics

Hellwig, Martin

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URL: http://ub-madoc.bib.uni-mannheim.de/2700
URN: urn:nbn:de:bsz:180-madoc-27002
Document Type: Working paper
Year of publication: 2004
The title of a journal, publication series: None
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject: 330 Economics
Classification: JEL: H20 D82 H40 ,
Subject headings (SWD): Optimale Besteuerung , Öffentliches Gut , Ramsey-Theorie , Gebühr , Wohlfahrtseffekt
Keywords (English): Optimal Income Taxation , Public Goods , Public-Sector Pricing , Multidimensional Mechanism Design , Ramsey-Boiteux Pricing
Abstract: The paper develops an integrated model of optimal nonlinear income taxation, public-goods provision and pricing in a large economy. With asymmetric information about labour productivities and publicgoods preferences, the multidimensional mechanism design problem becomes tractable by requiring renegotiation proofness of the final allocation of private goods and admission tickets for excludable public goods. Under an affiliation assumption on the underlying distribution, optimal income taxation, public-goods provision and admission fees have the same qualitative properties as in unidimensional models. These properties are obtained for utilitarian welfare maximization and for a Ramsey-Boiteux formulation with interim participation constraints.
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