Centres Of Excellence

To focus on new and emerging areas of research and education, Centres of Excellence have been established within the Institute. These ‘virtual' centres draw on resources from its stakeholders, and interact with them to enhance core competencies

Read More >>

Faculty

Faculty members at IIMB generate knowledge through cutting-edge research in all functional areas of management that would benefit public and private sector companies, and government and society in general.

Read More >>

IIMB Management Review

Journal of Indian Institute of Management Bangalore

IIM Bangalore offers Degree-Granting Programmes, a Diploma Programme, Certificate Programmes and Executive Education Programmes and specialised courses in areas such as entrepreneurship and public policy.

Read More >>

About IIMB

The Indian Institute of Management Bangalore (IIMB) believes in building leaders through holistic, transformative and innovative education

Read More >>

On existence of pure strategy equilibrium with endogenous income

Soumyanetra Munshi
Journal Name
Social Choice and Welfare
Journal Publication
others
Publication Year
2011
Journal Publications Functional Area
Economics
Publication Date
Vol. 37(1), PP 1-37, 2011
Abstract

It is well known that in a voting-over-income-taxation game, there exists no pure strategy equilibrium when votersâ incomes are exogenous (i.e., when individual voters make only consumption choices). I prove that in an environment with endogenous income (i.e., where individual voters make labor-leisure choices, in addition to consumption choices) and candidates propose marginally progressive taxes, it is possible to get existence of a pure-strategy equilibrium tax schedule.

On existence of pure strategy equilibrium with endogenous income

Author(s) Name: Soumyanetra Munshi
Journal Name: Social Choice and Welfare
Volume: Vol. 37(1), PP 1-37, 2011
Year of Publication: 2011
Abstract:

It is well known that in a voting-over-income-taxation game, there exists no pure strategy equilibrium when votersâ incomes are exogenous (i.e., when individual voters make only consumption choices). I prove that in an environment with endogenous income (i.e., where individual voters make labor-leisure choices, in addition to consumption choices) and candidates propose marginally progressive taxes, it is possible to get existence of a pure-strategy equilibrium tax schedule.