A new version of Edgeworth's taxation paradox
Edgworth's taxation paradox states that an excise tax can decrease the market price of a good. This paper presents a new version of the paradox in which a tax reduces price because it attracts entry of additional firms into the market. The paper also presents two new applications: (i) an emis...
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| Formato: | Working paper |
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University of Oxford
2010
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