This paper shows that the welfare dominance of ad valorem over unit taxes under imperfect competition, extends to a …

necessary condition for welfare to increase following the introduction of third-degree price discrimination. We thus highlight …

autarky financed by a lump sum tax on the rich is not very effective in unequal economies since it hardly impacts the welfare …

paper analyzes the welfare implications of privatization and examines the interplay of firm location in the vertical stream …, differential priorities on private and public profit in welfare and cost asymmetries in a mixed bilateral monopoly. We conclude … insignificant in welfare, then only relative cost savings matter. However, if public profit is sufficiently important, then …

, each still facing the same degree of progression, can induce an increase in welfare despite causing horizontal inequity (HI … schedule, is itself welfare improving. In this note we reconcile these results, showing that acceptance of HI can be second …