In theory, the incidence of a tax should be independent of which side of the market it is levied on. This principle of … equivalence. We find that market outcomes are essentially the same when the tax is levied on sellers as when it is levied on … equivalence. -- Tax Liability ; Posted Offer Market ; Experimental Economics …

setting behavior is in general consistent with the theory. Capacities converge above the Cournot level. Sellers rarely manage …