Voting over flat taxes in an endowment economy

Miguel Gouveia; David Oliver

doi:10.1016/0165-1765(95)00749-0

Voting over flat taxes in an endowment economy

Miguel Gouveia^*
, David Oliver

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

12 Citations (Scopus)

Abstract

We assume a majority rule mechanism and examine how society trades off exemption levels and tax rates in a simple endowment economy using a flat tax. Contrary to the presumption in Foley (Yale Economic Essays, 1967, 7, 45-98), we find that preferences over these tax structures are not single peaked. However, we are able to prove existence and provide a simple characterization of the majority rule equilibrium.

Original language	English
Pages (from-to)	251-258
Number of pages	8
Journal	Economics Letters
Volume	50
Issue number	2
DOIs	https://doi.org/10.1016/0165-1765(95)00749-0
Publication status	Published - Feb 1996

Keywords

Flat taxes
Income taxes
Majority rule

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10.1016/0165-1765(95)00749-0

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title = "Voting over flat taxes in an endowment economy",

abstract = "We assume a majority rule mechanism and examine how society trades off exemption levels and tax rates in a simple endowment economy using a flat tax. Contrary to the presumption in Foley (Yale Economic Essays, 1967, 7, 45-98), we find that preferences over these tax structures are not single peaked. However, we are able to prove existence and provide a simple characterization of the majority rule equilibrium.",

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N2 - We assume a majority rule mechanism and examine how society trades off exemption levels and tax rates in a simple endowment economy using a flat tax. Contrary to the presumption in Foley (Yale Economic Essays, 1967, 7, 45-98), we find that preferences over these tax structures are not single peaked. However, we are able to prove existence and provide a simple characterization of the majority rule equilibrium.

AB - We assume a majority rule mechanism and examine how society trades off exemption levels and tax rates in a simple endowment economy using a flat tax. Contrary to the presumption in Foley (Yale Economic Essays, 1967, 7, 45-98), we find that preferences over these tax structures are not single peaked. However, we are able to prove existence and provide a simple characterization of the majority rule equilibrium.

KW - Flat taxes

KW - Income taxes

KW - Majority rule

UR - https://www.scopus.com/pages/publications/0030306924

U2 - 10.1016/0165-1765(95)00749-0

DO - 10.1016/0165-1765(95)00749-0

M3 - Article

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SN - 0165-1765

VL - 50

SP - 251

EP - 258

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

Voting over flat taxes in an endowment economy

Abstract

Keywords

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