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education. I find that the argument in favour of dual income taxation is strengthened. A comprehensive proportional income tax … works as a tax subsidy on human capital investments, and it reduces the price of education as a consumption good. …
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The capacity investment by a new firm into an established market is explored in a repeated price game. If the entrant expects collusion to prevail upon entry, it may not practice "judo economics" but instead choose to install enough capacity to serve the entire market. This occurs when collusion...
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strategic interaction in this industry differs from other industries in many respects. We find that a move from a TV monopoly to …
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