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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Statements (43)

Predicate Object
instanceOf academic paper ⓘ
economics paper ⓘ
aimsTo minimize welfare loss from raising a given revenue ⓘ
author Frank P. Ramsey ⓘ
linked to: F. 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 Ramsey 1927 paper ⓘ
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 ⓘ
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 ⓘ

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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" ⓘ
A Contribution to the Theory of Taxation → introducedConcept → Ramsey rule for optimal commodity taxation ⓘ
linked to: 1927 paper "A Contribution to the Theory of Taxation"
A Contribution to the Theory of Taxation → hasAlternativeName → Ramsey’s optimal taxation paper ⓘ
linked to: 1927 paper "A Contribution to the Theory of Taxation"