Pareto-improving tax policies under hyperbolic discounting
This paper investigates the welfare implications of tax policies in the economy with present-biased consumers. We show that consumption taxes, income subsidies, or capital subsidies can improve not only hyperbolically discounted intertemporal utilities, but also exponentially discounted commitment u...
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主要作者: | Kang, Minwook |
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其他作者: | School of Social Sciences |
格式: | Article |
語言: | English |
出版: |
2021
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在線閱讀: | https://hdl.handle.net/10356/151368 |
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機構: | Nanyang Technological University |
語言: | English |
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