The Johansson—Samuelson Theorem in General Equilibrium
A Rebuttal
Bibliographic Data
| ID | 24049536 |
|---|---|
| Authors | Francesco Menoncin (0000-0002-1227-0871, Brescia University), Paolo M Panteghini (0000-0001-6564-0816, Ifo Institute for Economic Research) |
| Year | 2013 |
| Volume | 69 |
| Issue | 1 |
| Pages | 57-71 |
| Publication date | 2013-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | FinanzArchiv (JOURNAL) |
| Journal identifiers | ISSN: 0015-2218 • E-ISSN: 1614-0974 |
| Publisher | Mohr Siebeck (PUBLISHER) |
| DOI | 10.1628/001522113x663479 |
| OpenAlex | W1561678182 |
| Language | EN |
The well-known Johansson—Samuelson theorem proves that, in partial equilibrium, comprehensive income taxation with a uniform tax rate does not affect asset values if tax depreciation allowances coincide with economic depreciation. In this article, we show that this result fails to hold in general equilibrium, unless fairly restrictive conditions are met.
Depreciation (economics) · Economics · General equilibrium theory · Income tax · Investment (military) · Keynesian economics · Macroeconomics · Mathematical economics · Microeconomics · Monetary economics · Partial equilibrium · Public economics · Rebuttal · Economic Policies and Impacts · Fiscal Policy and Economic Growth · Law · Politics, Economics, and Education Policy
| Citation velocity | historical |
|---|---|
| Highly cited | No |