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authority and responder. Both players in each pair have earned an income in an individual real effort decision-making experiment …
Persistent link: https://www.econbiz.de/10005181557
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