Supply Response Under Proportional Profits Taxation
作者:
John Quiggin,
期刊:
American Journal of Agricultural Economics
(WILEY Available online 1991)
卷期:
Volume 73,
issue 1
页码: 36-39
ISSN:0002-9092
年代: 1991
DOI:10.2307/1242881
出版商: Oxford University Press
数据来源: WILEY
摘要:
AbstractA striking result in the theory of the competitive firm under certainty is the proposition that a proportional profits tax (with full offsets for losses) will have no impact on optimal output. This result does not apply under uncertainty. It is shown that, under constant or increasing returns to scale, a proportional profits tax will yield an unambiguous expansion in output. The same result is shown to hold for the more general rank‐dependent expected utility (RDEU) model.
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