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| Author: | Davidson, C. Martin, L. Wilson, J.D. |
| Title: | Efficient black markets? |
| Journal: | Journal of Public Economics
2007 : AUG, VOL. 91:7-8, p. 1575-1590 |
| Index terms: | taxation tax evasion informal economy |
| Freeterms: | shadow economy |
| Language: | eng |
| Abstract: | This paper analytically explores the welfare effects of black-market (hereafter as: b-m.) activities undertaken by firms to evade taxes. The desirability of a b-m. is linked to the attributes of the goods supplied by b-m. firms. There are cases identified and analyzed where a b-m. reduces/increases the distortionary impact of taxation on the allocation of resources across the goods that the government is attempting to tax, leading to a welfare gain/loss. |
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