1927 paper "A Contribution to the Theory of Taxation"

E381629

The 1927 paper "A Contribution to the Theory of Taxation" is Frank P. Ramsey’s foundational work in public economics that introduced the optimal taxation framework now known as Ramsey pricing.

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Predicate Object
instanceOf academic paper
economics paper
aimsTo minimize welfare loss from raising a given revenue
author F. P. Ramsey
surface form: Frank P. Ramsey
citedAs Ramsey (1927)
contributionTo formalization of optimal indirect taxes
foundation of Ramsey pricing in public economics
countryOfPublication United Kingdom
field optimal taxation theory
public economics
welfare economics
hasAlternativeName On a Problem of Formal Logic
surface form: Ramsey 1927 paper

1927 paper "A Contribution to the Theory of Taxation"
surface form: Ramsey’s optimal taxation paper
hasImpactOnPolicy design of commodity tax systems
regulation of natural monopolies
hasImpactOnTheory development of second-best welfare economics
hasKeyAssumption competitive markets apart from taxation
given government revenue requirement
representative consumer
historicalSignificance foundational work in public economics
one of the earliest formal treatments of optimal taxation
influencedConcept marginal cost pricing with markups
nonlinear pricing in regulated industries
second-best taxation
influencedField modern optimal tax theory
public finance
regulatory pricing
introducedConcept Ramsey pricing
1927 paper "A Contribution to the Theory of Taxation" self-linksurface differs
surface form: Ramsey rule for optimal commodity taxation

inverse elasticity rule for taxation
language English
mainTopic efficient tax structure under revenue constraint
minimization of excess burden of taxation
optimal commodity taxation
welfare maximization subject to government budget constraint
proposes tax rates inversely related to demand elasticities
publicationYear 1927
publishedIn The Economic Journal
publisher Royal Economic Society
relatedToWork Ramsey’s work on saving and optimal growth
timePeriod 20th century economics
usesMethod Lagrange multipliers
constrained optimization

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

F. P. Ramsey publication 1927 paper "A Contribution to the Theory of Taxation"
1927 paper "A Contribution to the Theory of Taxation" introducedConcept 1927 paper "A Contribution to the Theory of Taxation" self-linksurface differs
subject surface form: A Contribution to the Theory of Taxation
this entity surface form: Ramsey rule for optimal commodity taxation
1927 paper "A Contribution to the Theory of Taxation" hasAlternativeName 1927 paper "A Contribution to the Theory of Taxation"
subject surface form: A Contribution to the Theory of Taxation
this entity surface form: Ramsey’s optimal taxation paper