Analytical Syllabus for the UADPhilEcon
A survey of the general equilibrium theory and the basic principles of Welfare Economics:
; Description of the institutional framework (behaviour of consumers and
producers, equilibrium conditions, Walras law).
; Welfare properties of competitive equilibrium (basic theorems of Welfare
Economics, lump-sum transfers and taxes, Pareto optimality).
ndrd2 and 3 week
; The Ramsey rule (derivation, implications, inverse elasticities rule).
; Extension to many households (optimal tax rule, applications).
; Generalizing the production technology.
; Untaxed goods, uniform taxes, production efficiency.
thth4 and 5 week
; The Mirrlees economy (basic structure, the structure of utility).
; Optimal tax function (linear taxation, non-linear taxation, effects on labour
; Extensions (two forms of labour, income and commodity taxes).
thth6 and 7 week
; Taxation of the firm (profit tax, personal taxes).
; Tax incidence (Harberger economy, income effects).
; Taxation and Finance (systems of corporate and personal taxation, finance and
investment with certainty, uncertainty).
thth8 and 9 week
Public goods and externalities:
; Optimal provision (pure public goods, free disposal, congestion).
; Personalized prices and the Lindahl equilibrium.
; Finance by taxation (identical consumers, differentiated households).
; Market inefficiency and externalities.
; The Coase theorem (markets for externalities, non-existence of markets,
thth10 and 11 week
; Evasion as a decision with risk.
; Evasion and labour supply.
; Evasion and its effects on the supply of public goods .
; Optimal auditing with an independent Revenue Service.
; Evasion by firms.
; Optimal taxation with evasion.
Debt and taxation:
; The effects of debt.
; Optimal lump-sum taxation and debt.
; Debt neutrality.
; Income and interest taxation.
Allen, F. (1982), Optimal linear income taxation with general equilibrium effects on wages, Journal of Public Economics, 17, 135-143.
Allingham, M.G. and A. Sandmo (1972), Income tax evasion: a theoretical analysis, Journal of Public Economics, 1, 323-338.
Andersen, P. (1977), Tax evasion and labour supply, Scandinavian Journal of
Economics, 79, 375-383.
Anderson, R. and J.G. Ballentine (1976), The incidence and excess burden of a profits tax under imperfect competition, Public Finance, 31, 159-176.
Auerbach, A.J. (1983), Taxation, corporate financial policy and the cost of capital, Journal of Economic Literature, 21, 905-940.
Becker, W.H., J. Buchner and S. Sleeking (1987), The impact of public transfer expenditures on tax evasion, Journal of Public Economics, 34, 243-252.
Bergstrom, T.C. , I. Blume and H. Varian (1986), On the private provision of public goods, Journal of Public Economics, 29, 25-49.
Bigelow, J.P. (1993), Inducing efficiency: externalities, missing markets, and the Coase theorem, International Economic Review, 34, 335-346.
Blundell, R. (1992), Labour supply and taxation: a survey, Fiscal Studies, 13,
Cremer, H. and F. Gahvan (1993), Tax evasion and optimal commodity taxation, Journal of Public Economics, 50, 261-275.
Landskroner, Y. J. Paroush and I. Swary (1990), Tax evasion and portfolio decisions, Public Finance, 45, 409-422.
Myles, G.D. (1989), Ramsey tax rules for economies with imperfect competition, Journal of Public Economics, 38, 95-115.
Myles, G.D. (1995), Imperfect competition and industry-specific input taxes, Public Finance Quarterly, 23, 336-355.
Myles, G.D. (1997), Public Economics, Cambridge University Press, Cambridge.
Ray, R. (1986), Sensitivity of optimal commodity tax rates to alternative demand functional forms, Journal of Public Economics, 31, 253-268.
Virmani, A. (1989), Indirect tax evasion and production efficiency, Journal of
Public Economics, 39, 223-237.
Yamada, M. (1990), An analysis of optimal taxation and tax evasion, Public
Finance, 45, 470-490.