Département des Sciences Economiques, Université du Québec `a Montréal (uqam), Universit édu QuébecàMontréal, CIRPÉE and CEPR
Graduate School of Economics and Graduate School of Public Policy (GraSPP), Institute for the Sciences and Humanities (arish), University of Tokyo
Nihon University
抄録
The Henry George Theorem (HGT), or the golden rule of local public finance, states that, in first-best economies, the fiscal surplus, defined as aggregate land rents minus aggregate losses from increasing returns to scale activities, is zero at optimal city sizes. We derive a general second-best HGT in which the fiscal surplus equals the excess burden, expressed as an extended Harberger formula. We then apply our theorem to various settings encompassing urban eco- nomics, the new economic geography and local public finance to investigate whether or not a single tax on land rents can raise enough revenue to cover aggregate losses from increasing returns to scale activities.
内容記述
本文フィルはリンク先を参照のこと
雑誌名
Discussion paper series. CIRJE-F
巻
CIRJE-F-773
発行年
2010-11
書誌レコードID
AA11450569
フォーマット
application/pdf
日本十進分類法
335
出版者
日本経済国際共同センター
出版者別名
Center for International Research on the Japanese Economy
The Henry George Theorem in A Second-Best World
