Accession Number:

AD0662229

Title:

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

Descriptive Note:

Corporate Author:

YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS

Personal Author(s):

Report Date:

1967-11-07

Pagination or Media Count:

13.0

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.

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE