It is often argued that the use of distortionary taxation lowers the optimal provision of public goods below its optimal level in a first-best economy, which contains no restrictions on lump-sum taxation. However, this issue is usually investigated using commodity-tax models that contain no lump-sum taxes. This paper examines a many-consumer economy in which the only tax instruments are commodity taxes and a poll tax (subsidies are negative taxes). The optimal level of public good provision in this economy typically exceeds the first-best level, at least for distributionally neutral public goods.

This paper examines interregional commodity trade in a "Tiebout Economy," that is, a many-region economy with perfect labor mobility and endogenous government decision making. For a model with scale economies in public good consumption, it is shown that any equilibrium is both Pareto efficient and asymmetric: regions containing the same types of individuals and production possibilities nevertheless differ in the traded goods which they produce and the public good levels which they provide residents.

Senator Sherman's bill: iith July I862, Bill introduced in the House by Mr. Hooper of Massachusetts "to provide a national currency secured hy a pledge of United States stocks, and to provide for the circulation and redemption thereof." Read a first and second time and referred to the Committee of Ways and Means. July I2, I862, resolution to print 5,000 extra copies referred to the Committee on Printing. July I5, I862, resolution to print 5,000 extra copies laid oni the table. January 7, I863, Mr. Hooper introduced a new bill. The nlumber of the former bill was 568, that of the present bill was 656. Referred to the Committee of Ways and Means and ordered to be printed. January 8, I863, reported adversely upon by Mr. Stevens of the Committee of Ways and Aleans.

A Note on Marx and the Trade Cycle John D. Wilson John D. Wilson Cambridge, Mass. Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 5, Issue 2, February 1938, Pages 107–113, https://doi.org/10.2307/2967524 Published: 01 February 1938

John F. Wilson, Wendy E. Takacs, Differential Responses to Price and Exchange Rate Influences in the Foreign Trade of Selected Industrial Countries, The Review of Economics and Statistics, Vol. 61, No. 2 (May, 1979), pp. 267-279