A theorem on utilitarian redistribution
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Johann K. Brunner
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Article
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1995
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Springer
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English
โ 290 KB
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 Falkin