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: H11 H21 (search for similar items in EconPapers)
Pages: 18 pp.
Date: 2008-11-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Separability and public finance (2009)
Working Paper: Separability and public finance (2009)
Working Paper: Separability and Public Finance (2008)
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