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Merit goods and phantom agents

Author

Listed:
  • Bart Capéau

    () (CES-KULeuven)

  • Erwin Ooghe

    () (CES-KULeuven)

Abstract

Besley (1988) is one of the few exceptional articles containing non-welfarist optimal tax devices. Feehan (1990) reports an error in his first-best rules. The present note argues that Besley's second-best rules optimize the welfare of phantom agents rather than the corrected welfare of real existing agents in society.

Suggested Citation

  • Bart Capéau & Erwin Ooghe, 2003. "Merit goods and phantom agents," Economics Bulletin, AccessEcon, vol. 8(8), pages 1-5.
  • Handle: RePEc:ebl:ecbull:eb-03h20001
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    File URL: http://www.accessecon.com/pubs/EB/2003/Volume8/EB-03H20001A.pdf
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    References listed on IDEAS

    as
    1. Pazner, Elisha A, 1972. "Merit Wants and the Theory of Taxation," Public Finance = Finances publiques, , vol. 27(4), pages 460-472.
    2. Besley, Timothy, 1988. "A simple model for merit good arguments," Journal of Public Economics, Elsevier, vol. 35(3), pages 371-383, April.
    3. André DECOSTER & Erik SHCOKKAERT, 1989. "Equity and efficiency of a reform of Belgian indirect taxes," Discussion Papers (REL - Recherches Economiques de Louvain) 1989023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    4. Feehan, James P., 1990. "A simple model for merit good arguments : A comment," Journal of Public Economics, Elsevier, vol. 43(1), pages 127-129, October.
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    Citations

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    Cited by:

    1. Elodie Brahic & Valérie Clément & Nathalie Moureau & Marion Vidal, 2008. "A la recherche des Merit Goods," Working Papers 08-08, LAMETA, Universtiy of Montpellier, revised Jun 2008.

    More about this item

    Keywords

    merit goods;

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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