On the Second-Order Properties of Optimal Taxation

L Hakonsen

Working Papers from Norwegian School of Economics and Business Administration-

Abstract: In the optimal tax problem, the maximand is quasi-convex in consumer prices. In such a case, there exists no separating hyperplane between the upper contour set of the maximand and the constraint set. Therefore, the second order properties of optimal tax problems are somewhat non-standard compared to the majority of optimisation models encountered in economic theory.

Keywords: ECONOMETRICS; CONSUMER BEHAVIOUR; TAXATION (search for similar items in EconPapers)
JEL-codes: C60 D11 H21 (search for similar items in EconPapers)
Pages: 18 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:norgee:6/97

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