English, Article edition: PETERSBURG PARADOX AND EQUAL TAXATION Jiří NEČAS

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Bookmark: http://trove.nla.gov.au/version/197901
Physical Description
  • article
Language
  • English

Edition details

Title
  • PETERSBURG PARADOX AND EQUAL TAXATION
Author
  • Jiří NEČAS
Physical Description
  • article
Notes
  • Daniel Bernoulli's explanation of Petersburg paradox is a special case of general Weber-Fechner's law for area of economy. Till now, this law used to be used outside the area of physics only very rarely. From social point of view, more attention should be payed to subjective perception of economic quantities. This leads to more often use of geometrical mean. Considering Weber-Fechner's law, I can receive a non-traditional view on so called equal taxation.
  • Weber-Fechner's law, Peterburg paradox, perception of quantities, characteristic value of income, geometrical mean, equal taxation
  • RePEc:prg:jnlpol:v:2006:y:2006:i:1:id:546:p:56-62
Language
  • English
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