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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, ...
When Samuelson met Veblen abroad: National and global public good provision when social comparisons matter
(2012-09)
This paper derives Pareto efficient policy rules for the provision of national as well as global public goods in a two-country world, where each individual cares about relative consumption within as well as between countries. ...
Conspicuous Leisure: Optimal Income Taxation when both Relative Consumption and Relative Leisure Matter
(2009-04-21)
Previous studies on public policy under relative consumption concerns have ignored
the role of leisure comparisons. This paper considers a two-type optimal nonlinear
income tax model where people care both about their ...
Positional Concerns with Multiple Reference Points: Optimal Income Taxation and Public Goods in an OLG Model
(2008-05-19)
This paper concerns optimal income taxation and provision of a state-variable public good
under asymmetric information in a two-type overlapping generations model, where people
care about their relative consumption. Each ...