scholarly journals Public Finance in a Nutshell: A Cobb Douglas Teaching Tool for General Equilibrium Tax Incidence and Excess Burden

2017 ◽  
Author(s):  
Don Fullerton ◽  
Chi Ta
1975 ◽  
Vol 83 (3) ◽  
pp. 633-644 ◽  
Author(s):  
J. Gregory Ballentine ◽  
Ibrahim Eris

1987 ◽  
Vol 5 (1) ◽  
pp. 99-103 ◽  
Author(s):  
D Mair

There is little previous research on the effects of local rates on manufacturing industry in the United Kingdom. An outline of a post-Keynesian approach to tax incidence is presented. From data for UK manufacturing industry, 1973–1982, it is seen that business rates have not been met through the wages share of net output. The relationship between business rates and markups suggests that up to 95% of rates increases may have been paid out of profits. A more rigorous general equilibrium model is required to confirm this result.


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