Li, Wu and Li, Bangxi (2014): A Linear MultiSector Equilibrium Model with Taxation.

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Abstract
This paper presents a linear multisector equilibrium model with taxation, which includes two types of consumers (i.e. laborers and capitalists). In the model capitalists exploit laborers by levying taxes. Hence, the issues of the income distribution between laborers and capitalists can be studied in the form of tax issues. This model covers the two types of simple reproduction models as its special cases, that is, the simple reproduction model wherein agents exchange commodities by labor values (i.e. the surplus value model), and the simple reproduction model wherein agents exchange commodities by production prices (i.e. the profitprice model). Hence this is a more general framework for the analyzing of the simple reproduction. After the development of the model, the effects of levying the wage tax, valueadded tax and the turnover tax are discussed. And the possible efficiency loss of levying the turnover tax is also illustrated.
Item Type:  MPRA Paper 

Original Title:  A Linear MultiSector Equilibrium Model with Taxation 
English Title:  A Linear MultiSector Equilibrium Model with Taxation 
Language:  English 
Keywords:  Tax; Linear Model; General Equilibrium; Marxian Economics 
Subjects:  B  History of Economic Thought, Methodology, and Heterodox Approaches > B5  Current Heterodox Approaches > B51  Socialist ; Marxian ; Sraffian C  Mathematical and Quantitative Methods > C5  Econometric Modeling D  Microeconomics > D3  Distribution D  Microeconomics > D5  General Equilibrium and Disequilibrium > D58  Computable and Other Applied General Equilibrium Models 
Item ID:  59313 
Depositing User:  Wu LI 
Date Deposited:  18 Oct 2014 13:46 
Last Modified:  26 Sep 2019 11:05 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/59313 