--- Eric Crampton <[EMAIL PROTECTED]> wrote:
> On Sat, 18 Jan 2003, Fred Foldvary wrote:
>
> > 2) The government does not know the economic rent among the basketball
> > teams, but it does know that the next best opportunity if he does not
> play basketball is $100,000. The government taxes the i
> [Tax neutrality] would be one that would not impact any person or
> group more than any other person or group. I.e., there would be no
> redistributive effects from the taxation.
> Dan
I don't think that type of neutrality is possible.
Suppose there is a poll tax, where everyone pays the same
--- Birgir Runolfsson <[EMAIL PROTECTED]> wrote:
> there is no certainty that the player
> will end up playing for the team that values his services the most.
> He will be indifferent between playing for any team valuing him at
> more than $20.
Given a tax on economic rent of 90%, with inco
Fred Foldvary wrote:
> If the economic rent is to be taxed, there are two cases:
> 1) The government knows that the basketball economic rent is $899,999, and
> that amount is taxed. The player plays for A in order to pay the tax.
> 2) The government does not know the economic rent among the baske
The numbers are probably right. I've not checked them, but (a) the ease in
which someone could and (b) the reasonability of the numbers (I'll get to
that) would rule out most of my skepticism.
Of course, the numbers are wholly meaningless.
Pro sports teams don't hire head coaches to get more
On Sat, 18 Jan 2003, Fred Foldvary wrote:
> 2) The government does not know the economic rent among the basketball
> teams, but it does know that the next best opportunity if he does not play
> basketball is $100,000. The government taxes the income above $100,000 at,
> say, 90 percent, providing
On Thursday, January 16, 2003 4:06 AM Grey Thomas [EMAIL PROTECTED] wrote:
> even more than direct/indirect, you need to
> specify what is "neutral".
I don't think the definition of neutral in this context would be all
that controversial. It would be one that would not impact any person or
group
Economic rent is a payment not need to put a factor into its most
productive use. But "use" is relative.
Consider a basketball player who has offers of employment in basketball
from team A at $1 million, team B at $800 thousand, and team C at $500
thousand. The higher the offer, the better the t
--- Birgir Runolfsson <[EMAIL PROTECTED]> wrote:
> But that makes the player indifferent between playing
> for the team that values him at $1,000,000 and the one that values him at
> $ 100,001, and therfore there is no certainty that the resource (player)
> will be allocated to its most valued use.
All-
Just got my Atlantic Mo. in the mail yesterday. Under the Primary Sources
section is the following report by Mr. Johnnie Cochran and U. Penn labor
economist Janice Madden:
"Dr. Madden determined that: the black coaches [over the last fifteen
years] averaged 1.1 more wins per season than th
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