Firouz Gahvari | University of Illinois at Urbana-Champaign (original) (raw)
Address: Champaign, Illinois, United States
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Papers by Firouz Gahvari
Social Science Research Network, 2010
RePEc: Research Papers in Economics, 2002
RePEc: Research Papers in Economics, Sep 1, 2004
Social Science Research Network, Sep 1, 2005
The Scandinavian Journal of Economics, Jun 22, 2023
Southern Economic Journal, 1985
The Korean Economic Review, 2010
Journal of Public Economics, Apr 1, 2008
Social Science Research Network, 2016
Journal of Economic Literature, 2009
Journal of Money, Credit and Banking, Jul 26, 2012
Social Science Research Network, 2009
Journal of Public Economics, Dec 1, 1998
Journal of Public Economic Theory, Dec 2, 2022
RePEc: Research Papers in Economics, Feb 1, 2006
RePEc: Research Papers in Economics, Mar 1, 2013
RePEc: Research Papers in Economics, 1996
ABSTRACT This paper examines the role of nonlinear pricing by public (or regulated) utilities as ... more ABSTRACT This paper examines the role of nonlinear pricing by public (or regulated) utilities as a redistributive mechanism in presence of an optimal nonlinear income tax. It models an economy with many types of persons who differ in two unobservable characteristics (earning abilities and tastes). We show that nonlinear pricing does have a redistributive role; it is not a substitute for an ill-designed tax policy. We prove, assuming separable preferences, that a person whose valuation of the public sector output is smaller than the average valuation of the population (all measured at the same consumption bundle) must face a marginal price for the good above its marginal cost. Further assuming that tastes and earning abilities are perfectly correlated, we prove that everyone must face a marginal price for the public sector's output which strictly exceeds its marginal cost if correlation is positive. These properties provide an economic rationale for the provision of "support for low-income consumers" as mandated by the universal service and similar regulatory policies. Finally, we show that with correlated characteristics, implementation can be achieved through two separate functions: a pricing function that depends only on the public sector output and a tax function that depends only on income. Copyright 2002 by Blackwell Publishing Inc.
Journal of Public Economic Theory, Jan 10, 2020
Journal of Public Economics, Dec 1, 2003
Social Science Research Network, 2010
RePEc: Research Papers in Economics, 2002
RePEc: Research Papers in Economics, Sep 1, 2004
Social Science Research Network, Sep 1, 2005
The Scandinavian Journal of Economics, Jun 22, 2023
Southern Economic Journal, 1985
The Korean Economic Review, 2010
Journal of Public Economics, Apr 1, 2008
Social Science Research Network, 2016
Journal of Economic Literature, 2009
Journal of Money, Credit and Banking, Jul 26, 2012
Social Science Research Network, 2009
Journal of Public Economics, Dec 1, 1998
Journal of Public Economic Theory, Dec 2, 2022
RePEc: Research Papers in Economics, Feb 1, 2006
RePEc: Research Papers in Economics, Mar 1, 2013
RePEc: Research Papers in Economics, 1996
ABSTRACT This paper examines the role of nonlinear pricing by public (or regulated) utilities as ... more ABSTRACT This paper examines the role of nonlinear pricing by public (or regulated) utilities as a redistributive mechanism in presence of an optimal nonlinear income tax. It models an economy with many types of persons who differ in two unobservable characteristics (earning abilities and tastes). We show that nonlinear pricing does have a redistributive role; it is not a substitute for an ill-designed tax policy. We prove, assuming separable preferences, that a person whose valuation of the public sector output is smaller than the average valuation of the population (all measured at the same consumption bundle) must face a marginal price for the good above its marginal cost. Further assuming that tastes and earning abilities are perfectly correlated, we prove that everyone must face a marginal price for the public sector's output which strictly exceeds its marginal cost if correlation is positive. These properties provide an economic rationale for the provision of "support for low-income consumers" as mandated by the universal service and similar regulatory policies. Finally, we show that with correlated characteristics, implementation can be achieved through two separate functions: a pricing function that depends only on the public sector output and a tax function that depends only on income. Copyright 2002 by Blackwell Publishing Inc.
Journal of Public Economic Theory, Jan 10, 2020
Journal of Public Economics, Dec 1, 2003