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State-Variable Public Goods and Social Comparisons over Time
(2013-02)
The optimal provision of a state-variable public good, where the global climate is the prime example, is analyzed in a model where people care about their relative consumption. We consider both keeping-up-with-the-Joneses ...
Publicly Provided Private Goods and Optimal Taxation when Consumers Have Positional Preferences
(2013-03)
This paper analyzes optimal differential commodity taxation, together with optimal nonlinear income taxation, in order to deal with positional preferences. It also derives the optimal public provision of private goods both ...