Syllabus
Course Outline
· Ramsey Taxation
· Production Efficiency
· Static Mirrlees Taxation
· Dynamic Mirrlees Taxation
· Other topics.
Annotation
This course studies topics in the optimal design of tax and transfer policies. We will discuss optimal capital and income taxation, optimal estate taxes and other applications. We will study economies where the underlying information structure is explicitly specified, and all tax instruments arise endogenously. Models will be formulated both in discrete and continuous time.
If time permits, we will also discuss other topics, such as long run properties of the efficient allocations, efficient allocations with persistent private information and the implications of hidden savings and endogenous insurance markets.