IDEAS home Printed from https://ideas.repec.org/a/akh/journl/566.html
   My bibliography  Save this article

A note on the economic interpretation of a proof of existence of general equilibrium with taxes

Author

Listed:
  • Omar O. Chisari

    (Instituto de Economía, Universidad Argentina de la Empresa - CONICET)

Abstract

The proof of existence of general equilibrium under taxation given by Shoven and Whalley in 1973 can be reinterpreted as the proof of existence of general equilibrium without taxation. However, an additional good must be introduced into the economy. In this context, this paper shows that it is sufficient to interpret fiscal revenue as the payoff of this artificial resource. Moreover, upon application of the "Sonnenschein-Mantel-Debreu" theorem it can be shown that there is a set of agents that generate the necessary excess demand functions, including those corresponding to the new resource.

Suggested Citation

  • Omar O. Chisari, 2009. "A note on the economic interpretation of a proof of existence of general equilibrium with taxes," Económica, Instituto de Investigaciones Económicas, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 0, pages 23-28, January-D.
    • Handle: RePEc:akh:journl:566
    as

    Download full text from publisher

    File URL: https://revistas.unlp.edu.ar/Economica/article/view/5373/4403
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    General Equilibrium; taxes;

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:akh:journl:566. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Laura Carella (email available below). General contact details of provider: https://edirc.repec.org/data/funlpar.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.