Specifying the Allocation of Income among Taxes, Consumption, and Savings in Linear Programming Models

J. M. Vandeputte and C. B. Baker

American Journal of Agricultural Economics, 1970, vol. 52, issue 4, 521-527

Abstract: The proper specification of tax liabilities and consumption behavior is a significant problem in designing models for studying firm growth. A specification is suggested to represent allocation of income between consumption and savings in multiperiod linear programming models, while accounting for the effects of income tax. It is proposed as a method that conserves row space while providing flexibility in representing actual tax liabilities and actual consumption behavior in terms relevant for the study of growth alternatives and constraints.

Date: 1970
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:52:y:1970:i:4:p:521-527.

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