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trucks cartel (1997-2011). Overall, we estimate a net welfare loss of approximately €0.7 bn. and an overcharge below 1% (€1 …
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This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities—and the mapping between these functions and various...
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I examine the circumstances under which a sophisticated time-inconsistent decisionmaker (i) will not or (ii) need not severely miscoordinate her behavior across time, in the sense of following a course of action which fails to be Pareto-optimal for the sequence of temporal selves of the...
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in different activities. Developing this wider economic welfare measure would require the collection of time use …
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We construct a monopolistic competition model considering different markups across industries and firm-level heterogeneity of productivity. An excess entry occurs in low-markup (competitive) industry, and vice versa in high-markup (non-competitive) industry. To achieve the optimum allocation, a...
Persistent link: https://www.econbiz.de/10011550499
affect their differentiation of program content. This study examines the welfare effects of commercial ceilings in a two …-sided free-to-air TV market, taking into account welfare with respect to content differentiation. We identify a second …-best commercial ceiling that maximizes welfare in the absence of enforceable program content regulation and identify the situations in …
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