Commodity taxation as insurance against price risk
The paper shows how commodity taxes can provide insurance to consumers when the producer price is volatile. Specific and ad valorem taxes have differing roles. The optimal specific tax is positive when demand has some elasticity. The optimal ad valorem rate is zero when demand is unit-elastic, negat...
| Príomhchruthaitheoir: | |
|---|---|
| Formáid: | Working paper |
| Foilsithe / Cruthaithe: |
University of Oxford
2002
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