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In a model where a continuum of individuals have preferences for consumption and leisure as follows
wi = ci + ln(xi)
and individuals differ in their labour endowments ei, suppose two candidates run for office and offer a platform of imposing a proportional tax rate τ to finance lump sum transfers uniformly to all the population.
Where the planner maximizes the average individual's welfare. Are taxes higher or lower at the median voter solution? Why?
Procedure for export under deferred paymet
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two political party called hawks show apoint ppf that the hawks might choose and a point the doves might choose
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The Basic assumption which underlay the government of international economy has been that the economies of the world would converge around a capitalist model. The details of such a
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