![Taxation by auction: fund raising by 19th century Indian guilds [An article from: Journal of Development Economics]](https://www.ebooknetworking.net/books/B00/0RR/bigB000RR12O4.jpg)
Taxation by auction: fund raising by 19th century Indian guilds [An article from: Journal of Development Economics]
Book Details
Author(s)A. Sen, A.V. Swamy
PublisherElsevier
ISBN / ASINB000RR12O4
ISBN-13978B000RR12O7
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸
Description
This digital document is a journal article from Journal of Development Economics, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
We describe a unique institution used by 19th century Indian guilds to raise funds: on certain holidays only one shop was allowed to operate; an auction would be held to sell this right, and the winning bid would go to the guild fund. We compare this ''taxation by auction'' mechanism with more conventional tax schemes and show that under certain conditions, not only will a majority of guild members prefer to be taxed via an auction, but that this form of taxation will be more equitable.
Description:
We describe a unique institution used by 19th century Indian guilds to raise funds: on certain holidays only one shop was allowed to operate; an auction would be held to sell this right, and the winning bid would go to the guild fund. We compare this ''taxation by auction'' mechanism with more conventional tax schemes and show that under certain conditions, not only will a majority of guild members prefer to be taxed via an auction, but that this form of taxation will be more equitable.
