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Victorious alliances often fight about the spoils of war. This paper presents an experiment on the determinants of …
Persistent link: https://www.econbiz.de/10010603853
We analyze the incidence and welfare effects of unit sales taxes in experimental monopoly and Bertrand markets. We find, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to consumers, independent of whether buyers are automated or...
Persistent link: https://www.econbiz.de/10008583658