Anthony Atkinson and Joseph Stiglitz showed one type of this activity was pointless for separable utility functions,.
Anthony Atkinson and Joseph Stiglitz showed one type of this activity was pointless for separable utility functions,. Marcel Boiteux adopted Frank Ramsey's work to find the best way of performing it, and Ramsey argued this activity should consider the inverse elasticity of demand. Ramsey's work was also taken up by Peter Diamond and James Mirrlees in exploring the (*) "optimal" type of it. Robert Barro showed under certain conditions the economic effects of this activity and issuing debt were equivalent. Externalities can be internalized with a Pigouvian version of this activity. The Laffer curve displays the relationship between the degree of this and revenue raised. For 10 points, name this means of raising government revenue.
Anthony Atkinson and Joseph Stiglitz showed one type of this activity was pointless for separable utility functions,.
taxation [or more specific forms like sales tax, income tax, etc.]