000			01541nab a2200253 c 4500
999			_c143323 _d143323
003			ES-MaIEF
005			20201209133438.0
007			ta
008			201209t2020 us ||||| |||| 00| 0|spa d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_968619 _aConlon, Christopher T.
245		0	_aDiscrete prices and the incidence and efficiency of excise taxes _c Christopher T. Conlon, Nirupama L. Rao
260			_c2020
500			_aResumen.
504			_aBibliografía.
520			_aThis paper uses UPC-level data to examine the relationship between excise taxes, retail prices, and consumer welfare in the distilled spirits market. We document a nominal rigidity in retail prices that arises because firms largely choose prices that end in 99 cents and change prices in whole-dollar increments. A correctly specified model, like an ordered logit, takes this discreteness into account when predicting the effects of alternative taxes. Explicitly accounting for price points substantially impacts estimates of tax incidence and the excess burden cost of tax revenue. Meaningful nonmonotonicities in these quantities expand the potential considerations in setting excise taxes.
650		4	_946527 _aIMPUESTOS ESPECIALES
650		4	_946552 _aINCIDENCIA Y TRASLACION
650		4	_948092 _aPRECIOS
650		4	_aESTADOS UNIDOS _942888
700			_952974 _aRao, Nirupama
773	0		_9163938 _oOP 2135/2020/4 _tAmerican Economic Journal : Economic Policy _w(IEF)134825 _x 1945-7731 _gv. 12, n. 4, November 2020, p. 111-143
942			_cART