{"id":"https://openalex.org/W1521363854","doi":null,"title":"Tax Policy Under Keeping Up with the Joneses and Imperfectly Competitive Product Markets","display_name":"Tax Policy Under Keeping Up with the Joneses and Imperfectly Competitive Product Markets","publication_year":2004,"publication_date":"2004-01-01","ids":{"openalex":"https://openalex.org/W1521363854","mag":"1521363854"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:ecm:nawm04:17","doi":null,"is_oa":false,"landing_page_url":"http://repec.org/esNAWM04/up.6135.1043371283.pdf","pdf_url":"http://repec.org/esNAWM04/up.6135.1043371283.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5010528866","display_name":"Jang\u2010Ting Guo","orcid":"https://orcid.org/0000-0001-9948-9691","observed_orcids":["https://orcid.org/0000-0001-9948-9691"]},"institutions":[{"id":"https://openalex.org/I103635307","display_name":"University of California, Riverside","ror":"https://ror.org/03nawhv43","country_code":"US","type":"education","lineage":["https://openalex.org/I103635307"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Jang\u2010Ting Guo","raw_affiliation_strings":["University of California, Riverside"],"raw_orcid":"https://orcid.org/0000-0001-9948-9691","affiliations":[{"raw_affiliation_string":"University of California, Riverside","institution_ids":["https://openalex.org/I103635307"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5010528866"],"corresponding_institution_ids":["https://openalex.org/I103635307"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11770","display_name":"Fiscal Policy and Economic Growth","score":0.73580002784729,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11770","display_name":"Fiscal Policy and Economic Growth","score":0.73580002784729,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13042","display_name":"Economic and Fiscal Studies","score":0.11379999667406082,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.06159999966621399,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/optimal-fiscal-policy","display_name":"optimal fiscal policy","score":0.8579999804496765},{"id":"https://openalex.org/keywords/keeping-up-with-the-joneses","display_name":"keeping up with the Joneses","score":0.9279999732971191},{"id":"https://openalex.org/keywords/conspicuous-consumption","display_name":"conspicuous consumption","score":0.5400000214576721},{"id":"https://openalex.org/keywords/consumption-externalities","display_name":"consumption externalities","score":0.6579999923706055},{"id":"https://openalex.org/keywords/monopoly-power","display_name":"monopoly power","score":0.8450000286102295},{"id":"https://openalex.org/keywords/imperfect-competition","display_name":"imperfect competition","score":0.7900000214576721},{"id":"https://openalex.org/keywords/labor-income-taxation","display_name":"labor taxation","score":0.7099999785423279},{"id":"https://openalex.org/keywords/capital-taxation","display_name":"capital taxation","score":0.9670000076293945},{"id":"https://openalex.org/keywords/countercyclical-taxation","display_name":"countercyclical taxation","score":0.8209999799728394},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.7390000224113464},{"id":"https://openalex.org/keywords/keynesian-demand-management","display_name":"Keynesian demand management","score":0.8840000033378601},{"id":"https://openalex.org/keywords/representative-agent-model","display_name":"representative agent model","score":0.6549999713897705},{"id":"https://openalex.org/keywords/capital-accumulation","display_name":"capital accumulation","score":0.5210000276565552}],"concepts":[{"id":"https://openalex.org/C77590361","wikidata":"https://www.wikidata.org/wiki/Q863764","display_name":"Keeping up with the Joneses","level":3,"score":0.9473083019256592},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7793395519256592},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.6543720960617065},{"id":"https://openalex.org/C2777098679","wikidata":"https://www.wikidata.org/wiki/Q281682","display_name":"Imperfect competition","level":2,"score":0.6111013889312744},{"id":"https://openalex.org/C2781127519","wikidata":"https://www.wikidata.org/wiki/Q43637","display_name":"Monopoly","level":2,"score":0.5838103294372559},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.5264114737510681},{"id":"https://openalex.org/C16118543","wikidata":"https://www.wikidata.org/wiki/Q275372","display_name":"Externality","level":2,"score":0.4968271553516388},{"id":"https://openalex.org/C2779379759","wikidata":"https://www.wikidata.org/wiki/Q3516321","display_name":"Optimal tax","level":2,"score":0.46468427777290344},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.4577944874763489},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.4411357045173645},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3411693274974823},{"id":"https://openalex.org/C2983335520","wikidata":"https://www.wikidata.org/wiki/Q47537570","display_name":"Growth model","level":2,"score":0.1993287205696106},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:ecm:nawm04:17","doi":null,"is_oa":false,"landing_page_url":"http://repec.org/esNAWM04/up.6135.1043371283.pdf","pdf_url":"http://repec.org/esNAWM04/up.6135.1043371283.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:1521363854","doi":null,"is_oa":false,"landing_page_url":"http://economics.ucr.edu/papers/papers02/02-06.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"mag:3122649854","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/ecm/nawm04/17.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306508641","display_name":"Econometric Society 2004 North American Winter Meetings","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Econometric Society 2004 North American Winter Meetings","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W1485676192","https://openalex.org/W1581874048","https://openalex.org/W2002576081","https://openalex.org/W2050095948","https://openalex.org/W2086967887","https://openalex.org/W2091823404","https://openalex.org/W2103066485","https://openalex.org/W2104581981","https://openalex.org/W2123222492","https://openalex.org/W2134854408","https://openalex.org/W2144214449","https://openalex.org/W2154696063","https://openalex.org/W2160848655","https://openalex.org/W2570834760","https://openalex.org/W3123322809"],"related_works":["https://openalex.org/W2128347188","https://openalex.org/W7100965934","https://openalex.org/W1605545715","https://openalex.org/W7099363774","https://openalex.org/W3123085995","https://openalex.org/W2098882596","https://openalex.org/W2114849928","https://openalex.org/W7099206113","https://openalex.org/W2168310863","https://openalex.org/W1544251758"],"abstract_inverted_index":{"This":[0],"paper":[1],"examines":[2],"the":[3,20,32,44,54,63,80],"optimal":[4,33,55],"(first-best)":[5],"fiscal":[6],"policy":[7],"in":[8],"a":[9,16,37],"stochastic":[10],"representative":[11],"agent":[12],"model":[13],"that":[14,31,69,89],"exhibits":[15],"``keeping":[17,77],"up":[18,78],"with":[19,71,79],"Joneses''":[21,81],"utility":[22],"function":[23],"and":[24,50,61,76],"imperfectly":[25],"competitive":[26],"product":[27],"markets.":[28],"We":[29],"find":[30],"labor":[34],"tax":[35,57],"is":[36,41,58],"constant,":[38],"whose":[39],"sign":[40],"determined":[42],"by":[43],"relative":[45],"strength":[46],"of":[47],"consumption":[48],"externality":[49],"monopoly":[51],"power.":[52],"Moreover,":[53],"capital":[56,72],"unambiguously":[59],"negative":[60],"affects":[62],"economy":[64],"countercyclically.":[65],"Our":[66],"analysis":[67],"shows":[68],"models":[70],"accumulation,":[73],"imperfect":[74],"competition,":[75],"preferences":[82],"call":[83],"for":[84],"traditional":[85],"Keynesian":[86],"demand-management":[87],"policies":[88],"are":[90],"designed":[91],"to":[92],"mitigate":[93],"business":[94],"cycle":[95],"fluctuations":[96]},"counts_by_year":[{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-09-26T08:19:03.415552","created_date":"2016-06-24T00:00:00"}