Marco Fanno’s Tax Incidence Theory: A Formal Exposition
AbstractMarco Fanno’s contributions to the theory of supply at joint cost and the theory of demand for substitute goods contain some original analyses of tax incidence, based on a “less partial” application of the Marshallian supply and demand paradigm. Fanno’s overall theory, however, soon fell into oblivion, partially due to the enormous success of the emerging Hicks-Allen approach, at the end of the 1930s; and so did his more practical results. In this paper, we present a modern formalisation of Fanno’s tax incidence theory, which tries to do justice to a series of results which have still today some normative validity.
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Bibliographic InfoPaper provided by Dipartimento di Scienze Economiche "Marco Fanno" in its series "Marco Fanno" Working Papers with number 0056.
Length: 18 pages
Date of creation: Nov 2007
Date of revision:
Find related papers by JEL classification:
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
- H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-11-24 (All new papers)
- NEP-HPE-2007-11-24 (History & Philosophy of Economics)
- NEP-PUB-2007-11-24 (Public Finance)
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