Unit Versus Ad Valorem Taxes: The Private Ownership of Monopoly in General Equilibrium

Employing a general equilibrium framework, Blackorby and Murty prove that, with a monopoly and under 100% profit taxation and uniform lump‐sum transfers, the utility possibility sets of economies with unit and ad valorem taxes are identical. This welfare equivalence is in contrast to most previous s...

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Veröffentlicht in:	Journal of public economic theory 2013-08, Vol.15 (4), p.547-579
Hauptverfasser:	BLACKORBY, CHARLES, MURTY, SUSHAMA
Format:	Artikel
Sprache:	eng
Schlagworte:	Ad valorem taxes Corporate profits Corporate taxes Economic models Economic theory Equilibrium Monopolies Studies Taxation Taxation economics Taxes
Online-Zugang:	Volltext
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