Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/47465 
Year of Publication: 
2008
Series/Report no.: 
IFS Working Papers No. 08,07
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
In a second best environment, the optimal policy choice sometimes follows the first best rules. This note lays down the information structure and separability assumptions under which this property holds in a variety of setups.
Subjects: 
separability
second best optimality
indirect taxes
Samuelson rule
Pigovian taxation
JEL: 
H21
H11
Document Type: 
Working Paper

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