Separability and public finance

Stephane Gauthier and Guy Laroque

No W08/07, IFS Working Papers from Institute for Fiscal Studies

Abstract:

In a second best environment, the optimal policy choice sometimes follows the first best rules. This note lays down the information structure and separability assumptions under which this property holds in a variety of setups.

Keywords: separability; second best optimality; indirect taxes; Samuelson rule; Pigovian taxation (search for similar items in EconPapers)
JEL-codes: H21 H11 (search for similar items in EconPapers)
Date: 2008-11
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Related works:
Working Paper: Separability and Public Finance (2008)
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