A NOTE ON TAXATION, INCREASING RETURNS DUE TO SET-UP COSTS AND COMPETITIVE EQUILIBRIUM,

Abstract

Given the following problem: Suppose that a closed economy has all of the properties of convexity of preference sets and production sets except that in order to use certain production processes set-up costs must be paid. The set up costs cause increasing returns and destroy the competitive equilibrium; is there a tax policy which restores the equilibrium and would it always be approved unanimously or by a majority vote. This problem is discussed in this report.

Document Details

Document Type
Technical Report
Publication Date
Nov 07, 1967
Accession Number
AD0662229

Entities

People

  • Martin Shubik

Organizations

  • Yale University

Tags

DTIC Thesaurus Topics

  • Business Administration
  • Production
  • Taxes

Fields of Study

  • Economics

Readers

  • Government Contracting/Procurement.
  • International Relations and European Studies
  • Operations Research