Nawaz, Nasreen - In: European Journal of Government and Economics (EJGE) 6 (2017) 2, pp. 191-225
, the buyer's price jumps to the pre-tax equilibrium price plus the amount of the tax, and the supply and the demand of the … taxed commodity then adjust over time to bring the new post-tax market equilibrium. The existing literature does not take …) during the dynamic adjustment process as well as the post-tax market equilibrium. …