Yang, Chin W; Page, Walter P - In: The Annals of Regional Science 27 (1993) 3, pp. 241-57
In this paper, we show that the impact of an ad valorem tax on demand prices is the same for all interrelated spatial regions regardless of sizes of their price elasticities. In the case of a degenerate spatial equilibrium model in which several independent submarkets develop, the tax incidence...