On the value of the optimal tax rate
Part of : Σπουδαί : journal of economics and business ; Vol.44, No.3-4, 1994, pages 107-113
Issue:
Pages:
107-113
Abstract:
The value of studies for reducing uncertainty about the revenue maximizing tax rate is considered from the viewpoint of a decision-maker who can set the rate. A simple approximation of the maximum value of such studies for a decision - maker who thinks the existing rate is optimal is given by (l/4)VAR(Θ)To where VAR(Θ) is the variance of the decision-makers prior distribution on the elasticity of income with respect to the tax rate and T0 is current tax revenue.
Subject (LC):
Notes:
Περιέχει παράρτημα και βιβλιογραφία
