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Veblens Theory of the Leisure Class Revisited: Implications for Optimal Income Taxation
(2010-08)
Almost all previous studies on public policy under relative consumption concerns have ignored the role of leisure for status comparisons. Inspired by Veblen (1899), this paper considers a two-type optimal income tax model, ...
Are Most People Consequentialists?
(2010-08)
Welfare economics relies on consequentialism. Whether a public action is good or
bad is then determined by the consequences for people, rather than for example by the extent
to which it infringes on others’ rights. Yet, ...
HEALTH INVESTMENTS UNDER RISK AND AMBIGUITY
(2010-05-04)
This paper discusses how a decision maker should deal with uncertainty, both in the sense of a well-known probability distribution of different outcomes and as a situation where also the probability distribution is unknown. ...
POSITIONAL PREFERENCES IN TIME AND SPACE: IMPLICATIONS FOR OPTIMAL INCOME TAXATION
(2010-01-22)
This paper concerns optimal nonlinear taxation in an OLG model with two ability-types, where people care about their own consumption relative to (i) other people’s current consumption, (ii) own past consumption, and (iii) ...