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We consider a duopoly pricing game with a unique Bertrand-Nash equilibrium. The high-price firm has a nonvanishing market share, however, and intuition suggests that observed prices may be positively related to this market share. This relationship is implied by a model in which players make...
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, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …
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, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …-Märkten. Im Einklang mit der ökonomischen Theorie sind Firmen ohne Marktmacht in der Lage, einen großen Anteil der Last einer …
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, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …
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We show how corrective taxation can improve the efficiency properties of tradable quotas systems affected by market power. Indeed, when only a subset of firms are price takers while the remaining firms enjoy market power, we show that, if the regulator sets an ad hoc taxation on firms' traded...
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