Authors
Roger H Gordon
Publication date
1986/12/1
Journal
The American Economic Review
Pages
1086-1102
Publisher
The American Economic Association
Description
The equilibrium allocation of capital and equilibrium market prices are derived for a world economy with unified securities market, mobile capital, no uncertainty, and varying tax rates on different sources of income in each country. The paper then characterizes optimal tax rates for a small country in this setting, focusing on the peculiar incentives created when the before-tax rate of return differs among securities due to differences in their typical tax treatment.
Total citations
Scholar articles
RH Gordon - The American Economic Review, 1986