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We examine the effects of two different types of commodity taxation, specific and ad valorem, on wages and profits. We analyze two models of wage determination, one with efficiency wage setting and one with union-firm bargaining. In the former, a (locally) revenue-neutral shift from specific to...
Persistent link: https://www.econbiz.de/10005635141
We examine the effects of two different types of commodity taxation, specific and ad valorem, on wages and profits. We analyze two models of wage determination, one with efficiency wage setting and one with bargaining between a union and a firm. In the former, a (locally) revenue-neutral shift...
Persistent link: https://www.econbiz.de/10011530022
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In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on … competitive market characterised by uncertainty about the commodity price, if firms can respond to the revelation of demand … conditions by altering output. -- ad valorem tax ; commodity taxation ; perfect competition ; uncertainty ; unit tax …
Persistent link: https://www.econbiz.de/10009010185
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In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on … competitive market characterised by uncertainty about the commodity price, if firms can respond to the revelation of demand …
Persistent link: https://www.econbiz.de/10013130099