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Persistent link: https://www.econbiz.de/10005675367
A panel study reveals that an increase in pretax income equality leads to sudstantially lower retail prices. Prices also fall if the income tax on high income families is raised. One explanation is that equality makes consumer demand more elastic. This would imply that progressive taxation helps...
Persistent link: https://www.econbiz.de/10005675375
This paper develops extensive new data on the legal independence of central banks in 26 former socialist economies (FSE). This data is constructed using the codification system for measuring legal independence developed in Cukierman, Webb and Neyapti (1992) and in chapter 19 of Cukierman (1992)....
Persistent link: https://www.econbiz.de/10005675430
This paper develops extensive new data on the legal independence of central banks in 26 former socialist economies (FSE). This data is constructed using the codification system for measuring legal independence developed in Cukierman, Webb and Neyapti (1992) and in chapter 19 of Cukierman (1992)....
Persistent link: https://www.econbiz.de/10005489271
We propose an Equilibrium concept, called Undercut-Proof equilibrium, for price competition between firms producing differentiated brands.
Persistent link: https://www.econbiz.de/10005647222
Persistent link: https://www.econbiz.de/10005647245