dc.contributor.author | Sandmo, Agnar | |
dc.date.accessioned | 2006-08-15T12:12:52Z | |
dc.date.available | 2006-08-15T12:12:52Z | |
dc.date.issued | 2001-02 | |
dc.identifier.issn | 0804-6824 | |
dc.identifier.uri | http://hdl.handle.net/11250/162966 | |
dc.description.abstract | 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 MCF with such taxes will be less
than one. The paper demonstrates that this intuition is not necessarily true, even when
a green tax is the sole source of funds. The analysis also considers the MCF with a
proportional income tax, given the presence of green taxes. It compares the
optimization approach to the MCF with that of a balanced budget reform and shows that they lead to equivalent results. | en |
dc.format.extent | 55214 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | eng | en |
dc.publisher | Norwegian School of Economics and Business Administration. Department of Economics | en |
dc.relation.ispartofseries | Discussion paper | en |
dc.relation.ispartofseries | 2001:2 | en |
dc.title | Bridging the tax-expenditure gap : green taxes and the marginal cost of funds | en |
dc.type | Working paper | en |