منابع مشابه
Taxation and Market Power
We analyze the incidence and welfare effects of unit sales tax increases in experimental monopoly and Bertrandmarkets.We find, in line with economic theory, that firms with no market power are able to shift a high share of the tax burden to consumers, independent of whether buyers are automated or human players. In monopoly markets, a monopolist bears a large share of the burden of a tax increa...
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When product markets are monopolistic, an income redistributive policy affects social welfare not only through changes in disposable income but also through changes in product prices. In the optimal income tax formula, we then obtain a Pigouvian term correcting for this price externality. We provide sufficient conditions when the Pigouvian term is progressive among top earners. Moreover, if the...
متن کاملMarkets for Tradable Carbon Dioxide Emission Quotas: Principles and Practice
This chapter reviews a range of issues relating to tradable carbon dioxide (CO2) emission quotas (TEQs). It considers the economic principles on which they are based, compares them with alternative carbon abatement policies, and reviews many aspects of how tradable quotas would be implemented in practice. Section 2.2 sets the scene, explaining why these issues are on the agenda and how they rel...
متن کاملAn Oligopolistic Power Market Model With Tradable NOx Permits
Models formulated as complementarity problems have been applied previously to assess the potential for market power in transmission-constrained electricity markets. Here, we use the complementarity approach to simulate the interaction of pollution permit markets with electricity markets, considering forward contracts and the operating reserve market. Because some power producers are relatively ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2754172