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Discrete-Time redistributive Taxation in a Continuous-Time Economy

Author

Listed:
  • Renstrom, T.I.

Abstract

The paper studies optimal redistributive taxation when the government cannot commit the future policy. The framework used is one in which individuals can revise their consumption-savings decisions slightly more often than the government can change tax policy.

Suggested Citation

  • Renstrom, T.I., 1996. "Discrete-Time redistributive Taxation in a Continuous-Time Economy," Discussion Papers 96-07, Department of Economics, University of Birmingham.
  • Handle: RePEc:bir:birmec:96-07
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    More about this item

    Keywords

    TAX POLICY; CONSUMPTION; DECISION MAKING;

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy

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