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Capital Taxation under Political Constraints
[report]
2014
unpublished
Preserved Fulltext
This section formulates the model as a game between the individuals and the government, and establishes that the no-reform constraint is satisfied in the government's optimal equilibrium if H (0) ≥ α and either of the following two conditions holds: 1. The reform threat is full equalization: c R 2 (θ) = RK for all θ.
doi:10.3386/w20043
fatcat:dsx6qakva5bnzmx6gzvhw53puu