Multiproduct cost passthrough: Edgeworth's paradox revisited
Edgeworth’s paradox of taxation occurs when an increase in the unit cost of a product causes a multiproduct monopolist to reduce prices. We give simple illustrations of the paradox and a general analysis of the case of linear marginal cost and demand conditions, and we characterize which matrices of...
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| Natura: | Journal article |
| Lingua: | English |
| Pubblicazione: |
University of Chicago Press
2023
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