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Market Power and Income Taxation
Kaplow, Louis - 2019
Does significant market power or the presence of large rents affect optimal income taxation, calling for greater redistribution due to tainted gains? Or perhaps less because of an additional wedge that distorts labor effort? Do concerns about inequality have implications for antitrust,...
Persistent link: https://www.econbiz.de/10012891788
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A Theory of Government Regulation of Addictive Bads : Optimal Tax Levels and Tax Incidence for Cigarette Excise Taxation
Gruber, Jonathan; Koszegi, Botond - 2021
government taxation of addictive bads even if there are no external costs; we estimate that the optimal tax on cigarettes is $1 …
Persistent link: https://www.econbiz.de/10013221929
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Regressive Sin Taxes, with an Application to the Optimal Soda Tax
Allcott, Hunt - 2019
A common objection to “sin taxes”—corrective taxes on goods that are thought to be overconsumed, such as cigarettes …
Persistent link: https://www.econbiz.de/10012869807
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Salience and Taxation with Imperfect Competition
Kroft, Kory; Laliberté, Jean-William; Leal Vizcaíno, René - 2022
This paper studies commodity taxation in a model featuring heterogeneous consumers, imperfect competition, and tax salience. We derive new formulas for the incidence and marginal excess burden of commodity taxation, and we find that tax salience and market structure interact when considering tax...
Persistent link: https://www.econbiz.de/10014095816
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Oligopoly Deregulation in General Equilibrium : A Tax Neutralization Result
Metcalf, Gilbert E.; Norman, George - 2021
We examine the interplay between market structure and the form that commodity taxation should take in a general equilibrium model in which firms produce differentiated products and so are able to exert market power. Our analysis takes account of two important recent developments that affect...
Persistent link: https://www.econbiz.de/10013237237
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A Critical Assessment of the Role of Imperfect Competition in Macroeconomics
Carlton, Dennis W. - 2021
New Keynesian models and some models of growth rely on market power for their results. This sole focus on market power as the source for certain macroeconomic phenomena is misguided both theoretically and empirically. New Keynesian multipliers are closely related to standard measures of...
Persistent link: https://www.econbiz.de/10013232435
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Who Pays Cigarette Taxes? the Impact of Consumer Price Search
DeCicca, Philip - 2010
consumer prices. We use novel data on the prices smokers report actually paying for cigarettes. We document substantial price … search - carton buyers, and especially, smokers who buy cartons of cigarettes in a state other than their state of residence …, less addicted smokers, and smokers of light cigarettes …
Persistent link: https://www.econbiz.de/10013144169
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Cigarette Excise Taxation : The Impact of Tax Structure on Prices, Revenues, and Cigarette Smoking
Chaloupka, Frank J. - 2010
The main purpose of this study is to provide empirical evidence on the effects of the cigarette excise tax structure on three outcomes: cigarette prices, government revenues, and cigarette consumption. We composed cross-sectional time-series data for 21 EU countries from year 1998 to 2007 from...
Persistent link: https://www.econbiz.de/10013139133
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Pass-Through as a Test for Market Power : An Application to Solar Subsidies
Pless, Jacquelyn - 2017
We formalize pass-through over-shifting as a simple yet under-utilized test for market power. We apply this test in the market for solar energy. Specifically, we estimate the pass-through of solar subsidies to solar system prices using rich micro-level transaction and subsidy data from...
Persistent link: https://www.econbiz.de/10012960667
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Six Distributional Effects of Environmental Policy
Fullerton, Don - 2011
While prior literature has identified various effects of environmental policy, this note uses the example of a proposed carbon permit system to illustrate and discuss six different types of distributional effects: (1) higher prices of carbon-intensive products, (2) changes in relative returns to...
Persistent link: https://www.econbiz.de/10013131305