Politická ekonomie 2006, 54(1):56-62 | DOI: 10.18267/j.polek.546
Petrohradský paradox a rovná daň
- University of Economics, 4, W. Churchill Sq., Prague, Czech Republic
Petersburg paradox and equal taxation
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.
Keywords: Peterburg paradox, equal taxation, perception of quantities, geometrical mean, characteristic value of income, Weber-Fechner?s law
JEL classification: C20, E62, H24
Published: February 1, 2006 Show citation
This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.