Unit versus ad valorem taxes: monopoly in general equilibrium
Blackorby, Charles, 1937- and Murty, Sushama (2006) Unit versus ad valorem taxes: monopoly in general equilibrium. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.761).
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We show that if a monopoly sector is imbedded in a general equilibrium framework and profits are taxed at one hundred percent, then unit (specific) taxation and ad valorem taxation are welfare-wise equivalent. This is contrary to all known claims.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HJ Public Finance|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Ad valorem tax, Property tax, Taxation -- Mathematical models, Monopolies, Equilibrium (Economics)|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Official Date:||February 2006|
|Number of Pages:||18|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
Avriel,M., W. Diewert, S. Schaible, and I. Zang, Generalized Concavity, New York Plenum Press, 1988.
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