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Subsidies induce a market inefficiency by creating a deadweight loss, since supply and demand are out of equilibrium. In 2016, electricity subsidies were the largest component of the total global energy subsides, with an estimated 128 billion USD out of 287 billion USD. Electricity generation is...
Persistent link: https://www.econbiz.de/10012824897
This study calculates efficient taxes on gasoline and road use designed to combat driving related externalities when motorists avoid taxes due to an excessive economic driving-style. The efficient tax on gasoline is reduced below the Pigouvian rate due to such avoidance. The current US tax rate...
Persistent link: https://www.econbiz.de/10012156698
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012002880
This study calculates efficient taxes on fuel and road use designed to combat driving related externalities. The study shows that the efficient road user charge on fuel is below the marginal mileage-related damage to prevent tax avoidance due to an excessive economic driving-style. The current...
Persistent link: https://www.econbiz.de/10012005473
devised to overcome difficulties in acquiring and maintaining monopoly power and the legal implications of these strategies …
Persistent link: https://www.econbiz.de/10014073586
This paper studies macroeconomic consequences of oil price shocks caused by innovations in the monopoly power in the … oil market. Monopoly power is interpreted as oil producers' ability to charge a markup over marginal costs. We propose a …' monopoly power rises. A general equilibrium model suggests that higher monopoly profits attract investments in oil producing …
Persistent link: https://www.econbiz.de/10014118702
competition for the monopolist. The monopolist will introduce a "fighting brand" to compete with the generic, which dilutes but …
Persistent link: https://www.econbiz.de/10014055503
Parallel imports have been treated very differently in different countries. In the EU, competition law's very strong (per se) prohibition of restrictions to parallel imports (PI) can be justified by traditional "public interest" concerns related to the EU's objective to promote free trade and...
Persistent link: https://www.econbiz.de/10012318071
Persistent link: https://www.econbiz.de/10001453472
The emergence and market success of Linux in recent years has been impressive. Contrary to common belief, commercial enterprises are active only in the provision of services (including distribution) related to Linux. The emergence of this service market has paved the way for Linux to become a...
Persistent link: https://www.econbiz.de/10014141296