A tax system that lead residents to underreport valuations

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Reference no: EM131190480

To determine the right amount of a certain public good to provide, the government of West Essex decides to survey its residents about how much they value the good.

It will then finance the public good provision by taxes on residents.

•Describe a tax system that would lead residents to underreport their valuations.

•Describe an alternative system that could lead residents to overreport their valuations.

Reference no: EM131190480

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