Ramsey Rule

GPTKB entity

Statements (13)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo gptkb:government
optimal taxation
gptkbp:describes how to set taxes to minimize welfare loss
https://www.w3.org/2000/01/rdf-schema#label Ramsey Rule
gptkbp:influenced modern tax theory
gptkbp:namedAfter gptkb:Frank_P._Ramsey
gptkbp:publishedIn A Contribution to the Theory of Taxation (1927)
gptkbp:relatedTo gptkb:Ramsey_pricing
gptkbp:state tax rates should be inversely proportional to demand elasticity
gptkbp:usedIn regulation of natural monopolies
gptkbp:bfsParent gptkb:Optimal_Taxation
gptkbp:bfsLayer 7