Optimal Fiscal Policies, Congestion and Over-entry
學年 95
學期 2
出版(發表)日期 2007-03-01
作品名稱 Optimal Fiscal Policies, Congestion and Over-entry
作品名稱(其他語言)
著者 Chang, Juin-jen; Hung, Hsiao-wen; Shieh, Jhy-yuan; Lai, Ching-chong
單位 淡江大學產業經濟學系
出版者 Chichester: Wiley-Blackwell Publishing Ltd.
著錄名稱、卷期、頁數 Scandinavian Journal of Economics 109(1), pp.137-151
摘要 By shedding light on market imperfections and the congestion of public goods, we show that free entry in a market equilibrium will lead to excessive entry relative to the social optimum. Moreover, by specifying a generalized congestion function, it is also shown that different fiscal policies, including labor income tax, capital income tax and government expenditure, play a distinct role in terms of remedying market distortions. Specifically, optimal income taxes decrease with the degree of market imperfections in order to remove the monopoly inefficiency, while they increase with the degree of congestion in order to remedy the adverse externality caused by congestion distortion. Since a higher degree of increasing returns to an expansion in the variety of intermediate goods is found to intensify the congestion effect of government infrastructure expenditure, the optimal rule of government expenditure proposed by Barro (1990) should be modified.
關鍵字 Optimal fiscal policies; Congestion; Entry
語言 en
ISSN 0347-0520 1467-9442
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度
國別 GBR
公開徵稿
出版型式 紙本 電子版
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