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On the existence of an implementable optimal income tax

Author

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  • Jun Iritani
  • Phuc Nguyen

Abstract

This paper discusses the existence of an optimal income tax and distinguishes itself from the previous articles in two respects. In previous papers, the self selection condition was not necessarily consistent with the individual budget constraint. Furthermore, implementability in previous papers was implicit in individual ability, rather than individual income, as the basis of the tax function. We offer a different concept of the self selection conditions: Anti Normal Envy that is consistent with the individual budget constraint and that we show to be equivalent to the competitive equilibrium under a tax function based on income. We then establish the existence of an implementable optimal income tax. Copyright Springer-Verlag Berlin/Heidelberg 2004

Suggested Citation

  • Jun Iritani & Phuc Nguyen, 2004. "On the existence of an implementable optimal income tax," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 24(2), pages 447-456, August.
    • Handle: RePEc:spr:joecth:v:24:y:2004:i:2:p:447-456
    DOI: 10.1007/s00199-003-0422-z
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    Cited by:

    1. Carlos E. da Costa & Lucas J. Maestri, 2019. "Optimal Mirrleesian taxation in non-competitive labor markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(4), pages 845-886, November.

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