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This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
Persistent link: https://www.econbiz.de/10012623743
own workers to pay lower wages; and 2. Monopoly, where dominant firms charge too high prices for what they sell, which … Census Bureau between 1997 and 2016, we find evidence of both monopoly and monopsony, where the former is rising over this … period and the latter is stable. Both contribute to the decoupling of productivity and wage growth, with monopoly being the …
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The Lerner index is widely used to assess firms' market power. However, estimation and interpretation present several challenges, especially for banks, which tend to produce multiple outputs and operate with considerable inefficiency. We estimate Lerner indices for U.S. banks for 2001-18 using...
Persistent link: https://www.econbiz.de/10011998070
We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect …
Persistent link: https://www.econbiz.de/10013466168
monopoly. But no matter how market power is exerted, all Kyoto-constrained Annex 1 regions are better off with emissions …
Persistent link: https://www.econbiz.de/10011596604
on costs of oil dependence. -- Dynamic Bilateral Monopoly ; Markov-Perfect Equilibrium ; Depletable Resources ; Energy …
Persistent link: https://www.econbiz.de/10008780581