By Hausman A. Hausman
This ebook calculates the deadweight loss brought on by the inefficient approach to taxation that the Federal Communications fee has hired and describes another technique.
Read Online or Download Taxation by Telecommunications Regulation: The Economics of the E-Rate (Aei Studies in Telecommunications Deregulation) PDF
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Additional info for Taxation by Telecommunications Regulation: The Economics of the E-Rate (Aei Studies in Telecommunications Deregulation)
12. This estimate is an approximation because the funds will be raised from all interstate telecommunications services—for example, cellular telephone, not just regular long-distance service. 5 percent of end-user wireless revenues will be used in the tax. 89 billion will be raised through a tax on long-distance calls. I do not include the additional efficiency loss to the economy from the tax on wireless services. Given my estimate of the cellular demand price elasticity (Hausman 1997), the tax on wireless will also lead to a significant additional loss in economic efficiency.
3. See, for example, Auerbach (1985). 4. For an analysis of optimal taxation, see Diamond and Mirrlees (1971); and for an application of the Diamond-Mirrlees theory to telecommunications regulation, see Hausman (1995). 5. This point has long been recognized. See, for example, Kahn (1988). 6. Ramsey theory says that taxes that cause prices to increase create losses in economic efficiency, with the size of the efficiency loss depending on the price elasticities, the magnitude of the price increase (∆pi/pi), the revenue of the good or service being taxed piqi, and the marginal cost of production, mi.
Landes Clifton R. Musser Professor of Economics University of Chicago Law School Sam Peltzman Sears Roebuck Professor of Economics and Financial Services University of Chicago Graduate School of Business Nelson W. Polsby Murray F. Foss John H. Makin Professor of Political Science University of California at Berkeley Visiting Scholar Resident Scholar; Director, Fiscal Policy Studies George L. Priest John M. Olin Professor of Law and Economics Yale Law School Diana Furchtgott-Roth Assistant to the President and Resident Fellow Allan H.