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Direct linkAmegashie, J. Atsu – Journal of Economic Education, 2009
The author makes a pedagogical contribution to optimal income taxation. Using a very simple model adapted from George A. Akerlof (1978), he demonstrates a key result in the approach to public economics and welfare economics pioneered by Nobel laureate James Mirrlees. He shows how incomplete information, in addition to the need to preserve…
Descriptors: Economics Education, Microeconomics, Taxes, Income
Hayford, Marc D. – Journal of Economic Education, 2007
The author combines the supply and demand model of taxes with a Cournot model of bribe takers to develop a simple and useful framework for understanding the effect of corruption on economic activity. There are many examples of corruption in both developed and developing countries. Because corruption decreases the level of economic activity and…
Descriptors: Supply and Demand, Microeconomics, Economic Progress, Taxes
