Wang, Hao
Optimal indirect taxes and subsidies under imperfect competition / by Hao Wang .-- , 2018
Disponible en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
This paper considers optimal indirect taxes and subsidies in an economy with imperfect competition. All commodities are taxable. A beneficent government chooses indirect tax and subsidy rates to maximize consumer utility, conditional
on raising certain tax revenue. This paper finds that the government’s optimal taxes and subsidies should equalize the after-tax Lerner indexes (or price-tomarginal-cost ratios) of all commodities. The proposed tax rule eliminates the price distortions caused by market power. It thus results in welfare gain rather than deadweight loss.
IMPUESTOS INDIRECTOS
IMPOSICION OPTIMA
AYUDA ESTATAL
SUBVENCIONES PUBLICAS
COMPETENCIA DESLEAL
MODELOS ECONOMETRICOS
Journal of Institutional and Theoretical Economics: JITE 0932-4569 v. 174, n. 2, June 2018, p. 334-350
Optimal indirect taxes and subsidies under imperfect competition / by Hao Wang .-- , 2018
Disponible en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
This paper considers optimal indirect taxes and subsidies in an economy with imperfect competition. All commodities are taxable. A beneficent government chooses indirect tax and subsidy rates to maximize consumer utility, conditional
on raising certain tax revenue. This paper finds that the government’s optimal taxes and subsidies should equalize the after-tax Lerner indexes (or price-tomarginal-cost ratios) of all commodities. The proposed tax rule eliminates the price distortions caused by market power. It thus results in welfare gain rather than deadweight loss.
IMPUESTOS INDIRECTOS
IMPOSICION OPTIMA
AYUDA ESTATAL
SUBVENCIONES PUBLICAS
COMPETENCIA DESLEAL
MODELOS ECONOMETRICOS
Journal of Institutional and Theoretical Economics: JITE 0932-4569 v. 174, n. 2, June 2018, p. 334-350