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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/71975

    Title: Ramsey Taxes Meet Price Rigidity
    Authors: Yang, C. C.;Teo, Wing Leong
    Contributors: 財政系
    Keywords: Studies;Commodities;Taxation;Price elasticity;Welfare economics
    Date: 2011
    Issue Date: 2014-12-11 12:17:34 (UTC+8)
    Abstract: Ramsey taxes are commodity taxes that minimize deadweight loss. Evidence has shown dramatic differences in the extent of price rigidity across goods: while the prices of some goods change frequently, the prices of other goods seldom change. This paper examines Ramsey taxes in the presence of heterogeneous price rigidity. We find that, to minimize deadweight loss, lower (higher) tax rates should be imposed on goods with rigid prices if their relative prices are too high (low) relative to the would-be situation of no price stickiness. Intuitively, Ramsey taxes remedy the relative price distortion caused by the price rigidity of some goods. We calibrate our model to data from Taiwan and the USA, showing a significant cut in welfare cost if Ramsey rather than uniform taxes are applied. \
    Relation: Pacific Economic Review, 17(2), 231-256.
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1111/j.1468-0106.2012.00581.x
    DOI: 10.1111/j.1468-0106.2012.00581.x
    Appears in Collections:[財政學系] 期刊論文

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