Conlon, Christopher; Rao, Nirupama L. - National Bureau of Economic Research - 2023
may suggest that it is irrelevant for aggregate welfare whether output is restricted via corrective taxes or limiting … consumption, PH leads to substantially lower consumer welfare (and government revenue) compared to excise, sales or Ramsey taxes … volumetric or ethanol-based taxes could reduce consumption by over 9% without reducing consumer surplus, and increase tax …