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A theorem on utilitarian redistribution

✍ Scribed by Johann K. Brunner

Publisher
Springer
Year
1995
Tongue
English
Weight
290 KB
Volume
12
Category
Article
ISSN
0176-1714

No coin nor oath required. For personal study only.

✦ Synopsis

A theorem is presented which characterizes regions where the marginal utilities of most goods decrease with increasing utility, given non-inferiority of one good and a strictly concave utility function. An analysis of the optimum utilitarian tax rests on this result. * I am grateful to Josef Falkinger and Bengt-Arne Wickstr6m for helpful comments. A previous version of the paper was written when the author visited Oxford University, Wolfson College.

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