KOTSOGIANNIS, CHRISTOS; SERFES, KONSTANTINOS - In: Journal of Public Economic Theory 16 (2014) 1, pp. 48-68
The comparison between specific (per unit) and ad valorem (percentage) taxation has been one of the oldest issues in public finance. In Cournot markets, with deterministic costs structures, conventional wisdom has it that ad valorem taxation tax-revenue dominates specific. It is shown that in...