Agnar Sandmo
Biographic Data
| ID | 3713790 |
|---|---|
| NAME | Agnar Sandmo |
| GIVEN NAMES | Agnar |
| FAMILY NAME | Sandmo |
| SIGNATURE | SANDMO A |
| AFFILIATIONS | Norwegian School of Economics |
| VERIFIED | No |
| TOTAL WORKS | 14 |
| TOTAL CITATIONS | 22 |
| WORKS AS AUTHOR | 14 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1970 |
| LATEST PUBLICATION YEAR | 2015 |
| H-INDEX | 2 |
Income Taxes
Retrospectives
This paper is an account of the history of Léon Walras's attempt to be awarded the Nobel Peace Prize for 1906. It describes Walras's moves to get three of his Lausanne colleagues to nominate him for the prize, the arguments advanced in the proposal, and the reception that it received by the Norwegian Peace Prize Committee in Kristiania (Oslo). It discusses whether Walras had realistic reasons to believe that he stood a chance of winning the prize…
Striking the balance
The environment has many of the properties that economists associate with the concept of a public good. It has long been realized that, if left to itself, the market economy is likely to lead to an undersupply of public goods and, in the environmental area, to an insufficient use of resources to preserve environmental quality. Economics research in this area has concentrated on three central issues. First, exactly why is it that a market economy …
Asymmetric Information and Public Economics
This paper surveys the contributions of Nobel laureates James Mirrlees and William Vickrey to the study of asymmetric information in economics, particularly as they relate to problems in public economics. It discusses and interprets Mirrlees's work on optimal income taxation and relates it to previous work on optimal distribution of income, including that of Vickrey. It also describes Vickrey's fundamental contribution to auction theory and its i…
Ragnar Frisch on the Optimal Diet
Research Article| June 01 1993 Ragnar Frisch on the Optimal Diet Agnar Sandmo Agnar Sandmo Search for other works by this author on: This Site Google History of Political Economy (1993) 25 (2): 313–327. https://doi.org/10.1215/00182702-25-2-313 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Agnar Sandmo; Ragnar Frisch on the Optimal Diet. History of Political Economy 1 June 1993; 25 (2): 313–327.…
A Reinterpretation of Elasticity Formulae in Optimum Tax Theory
This paper presents a unified interpretation of three special cases which have been widely discussed in the theory of optimum taxation. These are the Corlett-Hague case and two versions of the inverse elasticity rule, derived on the assumption that either the compensated or the uncompensated cross elasticities of demand are zero. It is demonstrated that all three cases imply that it is the compensated elasticities which determine efficient tax di…
Ex Post Welfare Economics and the Theory of Merit Goods
In recent years a number of papers have questioned the extension of the main theorems of welfare economics to a world of uncertainty stemming from the work of Arrow (1953) and Debreu (1959). The Arrow-Debreu extension is based on the idea that consumer preferences may be defined on state contingent commodities; as a special but important case, these preferences may be represented by von Neumann-Morgenstern utilities. With this interpretation of t…
The Rate of Return and Personal Savings
Journal Article The Rate of Return and Personal Savings Get access Agnar Sandmo Agnar Sandmo The Norwegian School of Economics and Business Administration, Bergen Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 91, Issue 362, 1 June 1981, Pages 536–540, https://doi.org/10.2307/2232603 Published: 01 June 1981
Welfare Implications of the Taxation of Savings
Investment Incentives and the Corporate Income Tax
Income tax evasion
Investment and the Rate of Interest
The purpose of this paper is to present a coherent view of the neoclassical model of capital accumulation as a basis of for a theory of investment of the firm. The model is formulated in discrete time, which brings out more clearly than the usual continuous-time version the crucial distinction between the short and the long run. In the long run there can be no stable relationship between investment and the rate of interest. However, in the short …
Discount Rates for Public Investment in Closed and Open Economies
Let us imagine a perfectly competitive economy operating under the usual neo-classical assumptions of decreasing returns, convexity of preferences, etc. To make our discussion simple we further limit ourselves to a one-good two-period framework, in which initial resources can be allocated to immediate consumption or to investment, and in which investment produces the goods available for future consumption. With a perfect loan market consumers wil…
Equilibrium and Efficiency in Loan Markets
Welfare Implications of the Taxation of Savings
Retrospectives
This paper is an account of the history of Léon Walras's attempt to be awarded the Nobel Peace Prize for 1906. It describes Walras's moves to get three of his Lausanne colleagues to nominate him for the prize, the arguments advanced in the proposal, and the reception that it received by the Norwegian Peace Prize Committee in Kristiania (Oslo). It discusses whether Walras had realistic reasons to believe that he stood a chance of winning the prize…
Ex Post Welfare Economics and the Theory of Merit Goods
In recent years a number of papers have questioned the extension of the main theorems of welfare economics to a world of uncertainty stemming from the work of Arrow (1953) and Debreu (1959). The Arrow-Debreu extension is based on the idea that consumer preferences may be defined on state contingent commodities; as a special but important case, these preferences may be represented by von Neumann-Morgenstern utilities. With this interpretation of t…
Discount Rates for Public Investment in Closed and Open Economies
Let us imagine a perfectly competitive economy operating under the usual neo-classical assumptions of decreasing returns, convexity of preferences, etc. To make our discussion simple we further limit ourselves to a one-good two-period framework, in which initial resources can be allocated to immediate consumption or to investment, and in which investment produces the goods available for future consumption. With a perfect loan market consumers wil…
Equilibrium and Efficiency in Loan Markets
Investment and the Rate of Interest
The purpose of this paper is to present a coherent view of the neoclassical model of capital accumulation as a basis of for a theory of investment of the firm. The model is formulated in discrete time, which brings out more clearly than the usual continuous-time version the crucial distinction between the short and the long run. In the long run there can be no stable relationship between investment and the rate of interest. However, in the short …
Discount Rates for Public Investment in Closed and Open Economies
Let us imagine a perfectly competitive economy operating under the usual neo-classical assumptions of decreasing returns, convexity of preferences, etc. To make our discussion simple we further limit ourselves to a one-good two-period framework, in which initial resources can be allocated to immediate consumption or to investment, and in which investment produces the goods available for future consumption. With a perfect loan market consumers wil…
Income tax evasion
Investment Incentives and the Corporate Income Tax
Welfare Implications of the Taxation of Savings
The Rate of Return and Personal Savings
Journal Article The Rate of Return and Personal Savings Get access Agnar Sandmo Agnar Sandmo The Norwegian School of Economics and Business Administration, Bergen Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 91, Issue 362, 1 June 1981, Pages 536–540, https://doi.org/10.2307/2232603 Published: 01 June 1981
Ex Post Welfare Economics and the Theory of Merit Goods
In recent years a number of papers have questioned the extension of the main theorems of welfare economics to a world of uncertainty stemming from the work of Arrow (1953) and Debreu (1959). The Arrow-Debreu extension is based on the idea that consumer preferences may be defined on state contingent commodities; as a special but important case, these preferences may be represented by von Neumann-Morgenstern utilities. With this interpretation of t…
A Reinterpretation of Elasticity Formulae in Optimum Tax Theory
This paper presents a unified interpretation of three special cases which have been widely discussed in the theory of optimum taxation. These are the Corlett-Hague case and two versions of the inverse elasticity rule, derived on the assumption that either the compensated or the uncompensated cross elasticities of demand are zero. It is demonstrated that all three cases imply that it is the compensated elasticities which determine efficient tax di…
Ragnar Frisch on the Optimal Diet
Research Article| June 01 1993 Ragnar Frisch on the Optimal Diet Agnar Sandmo Agnar Sandmo Search for other works by this author on: This Site Google History of Political Economy (1993) 25 (2): 313–327. https://doi.org/10.1215/00182702-25-2-313 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Agnar Sandmo; Ragnar Frisch on the Optimal Diet. History of Political Economy 1 June 1993; 25 (2): 313–327.…
Asymmetric Information and Public Economics
This paper surveys the contributions of Nobel laureates James Mirrlees and William Vickrey to the study of asymmetric information in economics, particularly as they relate to problems in public economics. It discusses and interprets Mirrlees's work on optimal income taxation and relates it to previous work on optimal distribution of income, including that of Vickrey. It also describes Vickrey's fundamental contribution to auction theory and its i…
Striking the balance
The environment has many of the properties that economists associate with the concept of a public good. It has long been realized that, if left to itself, the market economy is likely to lead to an undersupply of public goods and, in the environmental area, to an insufficient use of resources to preserve environmental quality. Economics research in this area has concentrated on three central issues. First, exactly why is it that a market economy …
Retrospectives
This paper is an account of the history of Léon Walras's attempt to be awarded the Nobel Peace Prize for 1906. It describes Walras's moves to get three of his Lausanne colleagues to nominate him for the prize, the arguments advanced in the proposal, and the reception that it received by the Norwegian Peace Prize Committee in Kristiania (Oslo). It discusses whether Walras had realistic reasons to believe that he stood a chance of winning the prize…
Income Taxes
Economics (13 works) · Fiscal Policy and Economic Growth (9 works) · Microeconomics (6 works) · Public economics (6 works) · Economic theories and models (5 works) · Monetary economics (5 works) · Taxation and Compliance Studies (5 works) · Mathematical economics (4 works) · Corporate Taxation and Avoidance (3 works) · Double taxation (3 works)