Public Economics

Optimal Taxation
An overview of optimal taxation, its theoretical underpinnings, and its applications in various economic paradigms.
Benefits in Kind
The concept and implications of government provision of goods and services directly to citizens instead of monetary benefits.
Fiscal Illusion
A systematic misperception of the tax burden by taxpayers causing distorted democratic decisions on fiscal issues.
Imputed Charge for Consumption of Non-Trading Capital
An estimate of capital consumption in respect of government assets such as offices, schools, or hospitals which are not run as profit-making businesses.
Ramsey Rule
A formula characterizing optimal commodity taxes in an economy with a single consumer, aimed at maximizing utility subject to a revenue constraint.