Uncertainty and Optimally Uniform Commodity Taxes

C-Tier
Journal: Southern Economic Journal
Year: 1999
Volume: 66
Issue: 1
Pages: 156-167

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper examines the implications of uncertainty for the structure of optimal commodity taxes in the presence of a linear income tax. Consumers face uncertain income and commit to consumption of some goods before the resolution of uncertainty and to others after. Preferences are separable between labor and consumption goods. We prove that optimal commodity taxes are (i) uniform within the category of noncommitted goods if their subutility is logarithmic; (ii) uniform within the two categories if both subutilities are logarithmic; and (iii) nonzero across categories, with the tax rate on precommitted goods being lower than the tax rate on noncommitted goods.

Technical Details

RePEc Handle
repec:wly:soecon:v:66:y:1999:i:1:p:156-167
Journal Field
General
Author Count
2
Added to Database
2026-01-25