@techreport{Homburg2004approach,
abstract = {This paper makes a fresh attempt at characterizing optimal commodity taxes.
Under the usual assumptions, an extremely simple expression of second-best
commodity taxes is derived, showing tax rates as functions of observable
variables only, rather than as functions of unobservable variables such as
compensated cross elasticities. The main formula is independent of special
preferences, and independent of the number of commodities. It has a simple
economic meaning and could be particularly useful for empirical research.
Examples and remarks on the normalization problem are provided.},
author = {Stefan Homburg},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H21; 330; optimal commodity taxation; Ramsey rule; Verbrauchsteuer; Optimale Besteuerung; Second Best; Theorie},
language = {eng},
number = {1231},
title = {A new approach to optimal commodity taxation},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/18870},
year = {2004}
}
