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What might be meant by a truth in taxation law? What might be the advantages of and problems with such a law?
How should his taxes differ from a similar individual who has not lost his leg: under utilitarianism and under a Rawlsian social welfare function?
Discuss some of the equity and efficiency considerations that bear on the tax treatment of the family.
Consider a state debating how to finance emergency road and bridge improvements. Which of these taxes is least distortionary?
What is the price paid by the consumer before the tax is imposed, and in the post-tax equilibrium? What is the price received by producers?
What do you think the incidence of a tax on wages in that town would be, compared to the incidence in a town in which workers are immobile?
Discuss how the short-run and long-run effects of a regulatory program, such as rent control, may differ.
What provisions of the tax system might affect the decision to have a child? What government expenditure programs?
Draw the indifference curves, and identify the income and substitution effects resulting from a change in the tax rate on labor.
What can you say about government policy if there are some individuals of the first type, some of the second type, and some of the third type?
Who may be the actual beneficiaries of the following government program or proposed programs? Who is actually better off as a result of the program?
Draw the budget constraint between housing and other consumption for an individual on food stamps.
How might this affect the amount of education that individuals get? Is there a substitution effect? Is there market failure that this program might addressing?
What might be the environmental effects of such a proposal? Can you think of other grounds on which such a proposal might be attractive?
What difference does it make if the tax is levied on the basis of Insurance premiums as of 1980? Current insurance premiums?
Discuss some of the problems with CAFE standards. How might a system of "tradable CAFE standards" be designed, and why might such a system improve efficiency?
Explain why such a system introduces both inefficiencies and inequities among different automobile manufacturers.
Explain the distribution and efficiency aspects of these two strategies.
How should the tax vary over time? What should be the relative fine (tax) on emissions of the two gases?
Many economists worried that unless countries are required to reduce their levels of greenhouse gas emissions. Explain how greenhouse gas emissions might occur.
Explain why a system of joint implementation for reducing greenhouse gases is more efficient than if each country must reduce its pollution by a fixed amount.
What is the externality associated with an additional individual's driving on a congested road? How do tolls help alleviate this externality?
Describe the incidental of a regulation lowering the noise level surrounding the airport, that is, who benefits.
Assume there are two types of communities in the United States. Show diagrammatically that a regulatory scheme may be preferable to a system of fines.
Assume the government can regulate the amount of pollution control after it knows. Show what the level of pollution control will be in each situation.