| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12502 |
| DP12502 Market Power and the Laffer Curve | |
| Eugenio Miravete; Katja Seim; Jeff Thurk | |
| 发表日期 | 2017-12-13 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We characterize the trade-off between consumption tax rates and tax revenue -- the Laffer curve -- while allowing for re-optimization by both consumers and firms with market power. Using detailed data from Pennsylvania, a state that monopolizes retail sales of alcoholic beverages, we estimate a discrete choice demand model allowing for flexible substitution patterns between products and across demographic groups while not imposing conduct among upstream distillers. We find that current policy overprices spirits and that firms respond to reductions in the state's ad valorem tax rate by increasing wholesale prices. The upstream response thus limits the state's revenue gain from lower tax rates to only 14% of the incremental tax revenue predicted under the common assumption of perfect competition. The burden of such naive policy falls disproportionately on older, poorer, uneducated, and minority consumers. Upstream collusion exacerbates these effects. |
| 主题 | Industrial Organization |
| 关键词 | Laffer curve market power Public monopoly pricing Tax incidence |
| URL | https://cepr.org/publications/dp12502 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541313 |
| 推荐引用方式 GB/T 7714 | Eugenio Miravete,Katja Seim,Jeff Thurk. DP12502 Market Power and the Laffer Curve. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
