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Petrohradský paradox a rovná daň
[Petersburg paradox and equal taxation]

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  • Jiří Nečas

Abstract

Daniel Bernoulli's explanation of Petersburg paradox is a special case of general Weber-Fechner's law for area of economy. Till now, this law used to be used outside the area of physics only very rarely. From social point of view, more attention should be payed to subjective perception of economic quantities. This leads to more often use of geometrical mean. Considering Weber-Fechner's law, I can receive a non-traditional view on so called equal taxation.

Suggested Citation

  • Jiří Nečas, 2006. "Petrohradský paradox a rovná daň [Petersburg paradox and equal taxation]," Politická ekonomie, Prague University of Economics and Business, vol. 2006(1), pages 56-62.
    • Handle: RePEc:prg:jnlpol:v:2006:y:2006:i:1:id:546:p:56-62
    DOI: 10.18267/j.polek.546
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    More about this item

    Keywords

    Peterburg paradox; equal taxation; perception of quantities; geometrical mean; characteristic value of income; Weber-Fechner?s law;
    All these keywords.

    JEL classification:

    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies

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