An axiomatization of the leveling tax-transfer policy
We show that the leveling tax-transfer policy is the only consistent policy that exploits the maximum allowed transfers, as long as these are no more than the amount sufficient to equalize after-tax incomes. The leveling policy stands in contrast to equal sacrifice policies, which are also consistent but do not conduct any transfers.
|Date of creation:||Feb 2008|
|Contact details of provider:|| Postal: Nir Dagan, Dept. of Economics and Management, Tel-Hai Academic College, Upper Galilee, Israel.|
Web page: http://www.nirdagan.com/research/
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- Lensberg, Terje, 1988. "Stability and the Nash solution," Journal of Economic Theory, Elsevier, vol. 45(2), pages 330-341, August. Full references (including those not matched with items on IDEAS)
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