Winners and losers of the COVID‐19 pandemic: An excess profits tax proposal

Winners and losers of the COVID‐19 pandemic: An excess profits tax proposal

In this paper, we study the gains and losses incurred during the COVID-19 pandemic. We distinguish between the effects of the pandemic and those of the health measures implemented to reduce the death toll, notably "the lockdown." Our theoretical model is focused on within-sector firm heter...

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Veröffentlicht in:Journal of public economic theory 2022-10, Vol.24 (5), p.1016-1038
Hauptverfasser: Azémar, Céline, Desbordes, Rodolphe, Melindi-Ghidi, Paolo, Nicolaï, Jean‐philippe
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Economics and Finance
Human health and pathology
Humanities and Social Sciences
Life Sciences
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container_end_page 1038
container_issue 5
container_start_page 1016
container_title Journal of public economic theory
container_volume 24
creator Azémar, Céline
Desbordes, Rodolphe
Melindi-Ghidi, Paolo
Nicolaï, Jean‐philippe
description In this paper, we study the gains and losses incurred during the COVID-19 pandemic. We distinguish between the effects of the pandemic and those of the health measures implemented to reduce the death toll, notably "the lockdown." Our theoretical model is focused on within-sector firm heterogeneity and involves imperfect competition in a partial equilibrium setting. A comparison between the gains and losses triggered by both the pandemic and the lockdown indicates that an excess profits tax imposed on the "winners" could partly compensate the "losers" of the same sector.
doi_str_mv 10.1111/jpet.12589
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source Business Source Complete; Wiley Online Library All Journals
subjects Economics and Finance
Human health and pathology
Humanities and Social Sciences
Life Sciences
title Winners and losers of the COVID‐19 pandemic: An excess profits tax proposal
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