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Taxation and Market Power
Müller, Wieland; Konrad, K.A.; Morath, F. - Tilburg University, Center for Economic Research - 2010
We analyze the incidence and welfare e¤ects of unit sales taxes in experimental monopoly and Bertrand markets. We nd …, in line with economic theory, that rms with no market power are able to shift a high share of a tax burden on to … consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share …
Persistent link: https://www.econbiz.de/10011090400
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Capacity precommitment as a barrier to entry: A Bertrand-Edgeworth approach
Kovenock, Dan; Deneckere, Raymond; Faith, Tom; Allen, Beth - In: Economic Theory 15 (2000) 3, pp. 501-530
With few exceptions, the literature on the role of capacity as a strategic entry deterrent has assumed Cournot competition in the post-entry game. In contrast, this paper studies a model in which the incumbent and entrant sequentially precommit to capacity levels before competing in price....
Persistent link: https://www.econbiz.de/10005597843
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Who Acts More Like a Game Theorist? Group and Individual Play in a Sequential Market Game and the Effect of the Time Horizon
Mueller, Wieland; Tan, Fangfang - Max-Planck-Institut für Steuerrecht und öffentliche … - 2011
Previous experimental results on one-shot sequential two-player games show that group decisions are closer to the subgame-perfect Nash equilbirum than individual decisions. We extend the analysis of inter-group versus inter-individual decision making to a Stackelberg market game, by running both...
Persistent link: https://www.econbiz.de/10010990351
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Who acts more like a game theorist? Group and individual play in a sequential market game and the effect of the time horizon
Müller, Wieland; Tan, Fangfang - In: Games and Economic Behavior 82 (2013) C, pp. 658-674
Previous experimental results on one-shot sequential two-player games show that group decisions are closer to the subgame-perfect Nash equilibrium than individual decisions. We extend the analysis of intergroup versus interindividual decision-making by running both one-shot and repeated sessions...
Persistent link: https://www.econbiz.de/10011049810
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Bertrand competition with asymmetric costs: Experimental evidence
Boone, Jan; Aylwin, Larraín; Jose, María; Müller, Wieland - In: Economics Letters 117 (2012) 1, pp. 134-137
We provide supporting evidence from the laboratory for the Nash predictions of the homogeneous-good Bertrand model under asymmetric constant unit costs.
Persistent link: https://www.econbiz.de/10011041816
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Taxation and Market Power
Konrad, Kai A.; Morath, Florian; Müller, Wieland - Volkswirtschaftliche Fakultät, … - 2014
We analyze the incidence and welfare effects of unit sales tax increases in experimental monopoly and Bertrand markets …. We find, in line with economic theory, that firms with no market power are able to shift a high share of the tax burden … to consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a …
Persistent link: https://www.econbiz.de/10011099570
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Tax Liability Side Equivalence in Gift-Exchange Labor Markets
Riedl, Arno; Tyran, Jean-Robert - Tinbergen Institute - 2003
Tax Liability Side Equivalence (tax LSE) claims that the statutory incidence of a tax is irrelevant for its economic incidence. In gift-exchange labor markets, firms provide a gift to workers by paying high wages, and workers reciprocate by providing high efforts. Tax LSE is theoretically...
Persistent link: https://www.econbiz.de/10005795580
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Theoretically robust but empirically invalid? An experimental investigation into tax equivalence
Kerschbamer, Rudolf; Kirchsteiger, Georg - In: Economic Theory 16 (2000) 3, pp. 719-734
The idea that the final distribution of the tax burden (economic incidence) does not depend on the initial distribution of tax liabilities (statutory incidence) is referred to as the Liability Side Equivalence principle. This paper tests this principle in the laboratory and finds that subjects...
Persistent link: https://www.econbiz.de/10005753221
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Tax Liability Side Equivalence in Gift-Exchange Labor Markets
Riedl, Arno; Tyran, Jean-Robert - Tinbergen Instituut - 2003
Tax Liability Side Equivalence (tax LSE) claims that the statutory incidence of a tax is irrelevant for its economic incidence. In gift-exchange labor markets, firms provide a gift to workers by paying high wages, and workers reciprocate by providing high efforts. Tax LSE is theoretically...
Persistent link: https://www.econbiz.de/10011256527
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The Power to Pass on Taxes - A Test for Tax Shifting Based on Observables
Jametti, Mario; Redonda, Agustin; Sen, Anindya - CESifo - 2013
Since gasoline has a relatively inelastic demand, raising government revenue via gasoline taxes could appear appropriate as it entails a relatively small deadweight loss. However, gasoline retail is generally a highly concentrated market, hence the assumption of perfect competition when...
Persistent link: https://www.econbiz.de/10010667419