=+e. To add some additional realism to the exercise, suppose that the government has to use distortionary
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=+e. To add some additional realism to the exercise, suppose that the government has to use distortionary taxes in order to redistribute income between individuals. Is it still the case that there is no trade-off between efficiency and different notions of equity?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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