Diamond mirrlees production efficiency
WebOct 9, 1996 · If one condition for social efficiency is violated, as a rule there is reason to violate others as well. However, Diamond and Mirrlees (1971) obtained a highly … WebApr 15, 2000 · March 2000 Diamond and Mirrlees (1971) provide sufficient conditions for a second-best Pareto efficient allocation with linear commodity taxation to require efficient …
Diamond mirrlees production efficiency
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WebOct 8, 1996 · Jointly with Little, Mirrlees has set up criteria for evaluating projects based on the desirability of efficiency in production; see Little and Mirrlees (1974). On a theoretical level, the analysis has been generalized in various directions in Mirrlees (1972) and Diamond and Mirrlees (1976). 3. Summary Statement WebOptimal Taxation and Public Production: I--Production Efficiency. Peter Diamond and James Mirrlees. American Economic Review, 1971, vol. 61, issue 1, 8-27 Date: 1971 …
WebThe Diamond–Mirrlees production efficiency result follows from a set of assumptions which characterise what can be called a 'DM world'. It is characterised by 7 assumptions: i) perfect competition ii) constant returns to scale to production iii) lump sum taxation is not possible iv) there is a revenue requirement i.e. the government has to ... WebDiamond, P.A. and Mirrlees, J.A. (1971) Optimal Taxation and Public Production 1: Production Efficiency and 2: Tax Rules. American Economic Review, 61, 8-27 and 261-278. has been cited by the following article: TITLE: Assessment of the Impact of WAEMU Common External Tariff (CET) in Senegal
WebIn collaboration with the U.S. economist Peter Diamond, Mirrlees analyzed the structure of consumption taxes in a world where tax wedges give rise to social inefficiency. They arrived at an unambiguous and highly universal result by showing that under relatively general conditions, it is worthwhile to maintain full production efficiency. WebDiamond, Peter, and James Mirrlees. 1971a. Optimal taxation and public production I: Production efficiency. The American Economic Review 61: 8–27. [Google Scholar] Diamond, Peter, and James Mirrlees. 1971b. Optimal taxation and public production II: Tax rules. The American Economic Review 61: 261–278. [Google Scholar]
WebThe Diamond–Mirrlees (1971 a) result discussed earlier established the desirability of production efficiency in public policymaking. This implies that for small enough projects, resources used and outputs produced should be weighed against each other at ‘shadow prices’ reflecting trade-offs at the boundary of the economy's production ...
WebDownloadable (with restrictions)! We develop a framework to study optimal sector-specific taxation, where each agent chooses an occupation by comparing her skill differential with the tax burden differential across sectors. Because skills are not perfectly transferable, the Diamond–Mirrlees theorem (according to which the second-best entails production … react icons size cssWebAmerican Economic Association react id attributeWebSir James Alexander Mirrlees FRSE FBA (5 July 1936 – 29 August 2024) was a British economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. ... Mirrlees was also co-creator, with MIT Professor Peter A. Diamond, of the Diamond–Mirrlees efficiency theorem, which was developed in 1971. react icons sizingWebDiamond and Mirrlees considered briefly whether production efficiency would hold if there is an external effect between consumers, but then without including environmental … react id selectorWebArticle Information; Abstract This paper analyzes Pareto-efficient international tax regimes. Because every country faces its own national budget constraint, the Diamond-Mirrlees production-efficiency theorem, which underlies key tenets of policy advice in international taxation - the desirability of destination basis for commodity taxation, of the residence … how to start making a video gamehow to start making a business planWebFeb 1, 1971 · If efficiency in production is as important for public project evaluation as suggested by Diamond and Mirrlees (1971) or Sandmo (1972), we should use any … how to start making anime roblox games