• Adam Smith and modern economics 

      Sandmo, Agnar (Discussion paper;13/2014, Working paper, 2014-04)
      In his Wealth of Nations (1776) Adam Smith created an agenda for the study of the economy that is reflected in the structure of modern economics. This paper describes Smith’s contributions to four central areas of economic ...
    • A Fundamental Externality in the Labour Market? Ragnar Frisch on the socially optimal amount of work. 

      Sandmo, Agnar (DP SAM;2/2018, Working paper, 2018-01)
      In the late 1940s, Ragnar Frisch published two articles in Norwegian that constitute a pioneering attempt to apply welfare economics to a problem of economic policy. The main contention of the articles is that there exists ...
    • An evasive topic: theorizing about the hidden economy 

      Sandmo, Agnar (Journal article; Peer reviewed, 2012)
      This paper reviews some central issues that arise in theorizing about tax evasion decisions and the hidden economy. It starts from the Allingham-Sandmo (1972) modelling of the tax evasion decision as a choice under ...
    • Atmospheric externalities and environmental taxation 

      Sandmo, Agnar (Discussion paper, Working paper, 2010-09)
      The paper reviews the theory of environmental taxation under first best and second best conditions. It argues that negative environmental externalities lead to reductions of the provision of public goods, while investment ...
    • Bridging the tax-expenditure gap : green taxes and the marginal cost of funds 

      Sandmo, Agnar (Discussion paper, Working paper, 2001-02)
      The marginal cost of public funds is usually seen as a number greater than one, reflecting the efficiency cost of distortionary taxes. But economic intuition suggests that since green taxes are efficiency-enhancing the ...
    • Economics for peace : Léon Walras and the Nobel peace prize 

      Sandmo, Agnar (Discussion paper, Working paper, 2007-02)
      This paper is an account of the history of the attempt by Léon Walras to be awarded the Nobel Peace Prize for 1906. It describes Walras’ moves to get three of his Lausanne colleagues to nominate him for the Prize, the ...
    • Environmental taxation and revenue for development 

      Sandmo, Agnar (Discussion paper, Working paper, 2003-10)
      This paper considers the role of global environmental taxes both as instruments for improving the global environment and as a source of revenue for funding economic development. It reviews the general case for environmental ...
    • Essays on uncertainty and allocation over time 

      Sandmo, Agnar (Doctoral thesis, 1970)
      This paper is concerned with the interaction of saving and portfolio decisions of a single consumer. Its building blocks are the classical theory of optimal allocation over time, and Arrow's recent formulation of the ...
    • Globalisation and the welfare state : more inequality – less redistribution? 

      Sandmo, Agnar (Discussion paper, Working paper, 2002-02)
      This paper considers the possible connection between globalisation and inequality in Western welfare states. There are a number of theoretical reasons why increased trade and factor mobility should lead to more inequality ...
    • Global public economics : public goods and externalities 

      Sandmo, Agnar (Discussion paper, Working paper, 2006-10)
      This paper extends the normative analysis of public goods and externalities to an international setting. The first part considers the optimal allocation of a global public good. Whether global production efficiency is ...
    • Inequality and redistribution : the need for new perspectives 

      Sandmo, Agnar (Discussion paper, Working paper, 2005-02)
      Recent years have seen a marked increase in inequality in the OECD area, and since the early 1990s the trend has been unmistakable in Norway also. This paper offers a brief review of the main causes behind this development, ...
    • International aspects of public goods provision 

      Sandmo, Agnar (Discussion paper, Working paper, 2002-02)
      This paper considers the extension of the theory of public consumption goods to an international context with public goods whose benefits are global. In one version of the model there are no restrictions on lump sum ...
    • Portfolio choice in a theory of saving 

      Sandmo, Agnar (Doctoral thesis, 1966)
    • Public goods and Pigouvian taxes 

      Sandmo, Agnar (Discussion paper, Working paper, 2006-07)
      This paper consists of the text of two articles prepared for the second edition of the New Palgrave Dictionary of Economics. The first article provides a mathematical and diagrammatic exposition of the theory of public ...
    • Public provision and private incentives 

      Sandmo, Agnar (Discussion paper, Working paper, 2002-09)
      This paper surveys classical and modern arguments for public production and provision of goods. It reviews the conventional case for public production under conditions of increasing returns and discusses the modifications ...
    • The scale and scope of environmental taxation 

      Sandmo, Agnar (Discussion paper, Working paper, 2009-10)
      This paper provides a discussion of the principles of environmental taxation. It considers the empirical identification of environmental taxes and the problems associated with the choice of the right tax base from the ...
    • Should the marginal tax rate be negative? Ragnar Frisch on the socially optimal amount of work. 

      Sandmo, Agnar (DP SAM;1/2017, Working paper, 2017-01-26)
      In the late 1940s, Ragnar Frisch published two articles in Norwegian that constitute a pioneering attempt to apply welfare economics to a problem of economic policy. The main contention of the articles is that there exists ...
    • Sparing og investering under sikkerhet og usikkerhet 

      Sandmo, Agnar (Doctoral thesis, 1968)
    • Striking the balance : economics and the environment 

      Sandmo, Agnar (Discussion paper, Working paper, 2003-10)
      The environment has many of the properties that economists associate with the concept of a public good. It has long been realized that, if left to itself, the market economy is likely to lead to an undersupply of public ...
    • Taxation and tournaments 

      Sandmo, Agnar; Persson, Mats (Discussion paper, Working paper, 2002-05)
      This paper analyzes the effects of progressive taxes on labour supply and income distribution in the context of the rank-order tournament model originally developed by Lazear and Rosen (1981). We show conditions under ...