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dc.contributor.authorSandmo, Agnar
dc.date.accessioned2006-08-15T12:12:52Z
dc.date.available2006-08-15T12:12:52Z
dc.date.issued2001-02
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/162966
dc.description.abstractThe 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.extent55214 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Economicsen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2001:2en
dc.titleBridging the tax-expenditure gap : green taxes and the marginal cost of fundsen
dc.typeWorking paperen


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