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on costs of oil dependence. -- Dynamic Bilateral Monopoly ; Markov-Perfect Equilibrium ; Depletable Resources ; Energy …
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, abatement effort made by the monopoly and social welfare comparing two alternative policy games. The first game assumes that the …
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infrastructure quality. Analyzing a model with reduced-form demand, we first show that deregulating an integrated monopoly cannot … retail price and infrastructure quality relative to the integrated monopoly outcome increases welfare. Third, we argue that …
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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...
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