Finally, we note that the adjustment in the per-unit size of the ad valorem tax as output increases bears some similarity to the penalty function proposed by Roberts and Spence .
In a similar manner, the ad valorem tax yields efficiency gains relative to either the specific tax or quota if marginal damages are increasing and there is uncertainty about demand.
Phi](a + [Alpha] - c)+ e([Beta] + d)]/(b + d + f), or an ad valorem tax rate of [[R.
When an ad valorem tax is imposed on a monopoly, the profit-maximizing output is [(a + [Alpha]) (1 - [Tau]) - c]/[[Beta](1 - [Tau]) + d].
Shaw joined Coastal in Corpus Christi, Texas, in 1972 and has worked in the ad valorem tax
department during his entire tenure with the company.
Consequently, the Ramsey rule applies to both demand and supply ad valorem taxes: that is, it is valid for an ad valorem tax be it levied on suppliers or consumers.
Since many taxes are levied in terms of the demand ad valorem taxes, we shall limit our analysis to the optimum ad valorem tax ratio of equation (15).
With a set of well-behaved linear demand and supply functions, the optimum ad valorem tax rate of commodity i is lower than that of commodity j if (i) the price elasticity of demand for commodity i (absolute value) exceeds that for commodity j and (ii) the price elasticity of supply for commodity i exceeds that for commodity j.
j], the optimum ad valorem tax rate on commodity i must be the same as that on commodity j.
The bonds are secured by a limited ad valorem tax
pledge within two municipal service taxing units (MSTUs).
Proposition 1 was a city council initiative and targets only ad valorem tax
revenue and water and sewer system rates.
Principal payout for the district's ad valorem tax
supported bonds is well below average.
Following Miami Beach, the court has continued to uphold the bright-line principle and the use of ad valorem tax revenues to pay debt service without a referendum.
The court held that, because Escambia County's proposed bonds might be payable from ad valorem tax revenues, the bonds were "payable from ad valorem taxation" and, thus, triggered the constitutional referendum requirement.
15) Similarly, the referendum requirement applies where a contractual nonsubstitution clause deprives a government of budgetary flexibility and would inevitably force it to spend ad valorem tax dollars under the contract.