, the paper contributes an analytic derivation of the tax elasticity of taxable income, the welfare cost of the tax, and … government revenue as a percent of output. It shows how an increase in the tax rate causes the tax elasticity and welfare cost to … elasticity of reported income, the welfare cost of taxation and the tax revenue as a percent of output, with sensitivity analysis …

increases the within-industry variance of, sales and reduces welfare gains as consumers dislike price heterogeneity. Our theory …

welfare than these other regimes. …

This paper shows that the welfare dominance of ad valorem over unit taxes under imperfect competition, extends to the …

setting the two policy instruments have different welfare effects. For a strong green policy (a severe reduction of the dirty …