haku: @author Wu, Y. / yhteensä: 13
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| Tekijä: | Wu, Y. Zhang, J. |
| Otsikko: | Endogenous markups and the effects of income taxation: theory and advice from OECD countries |
| Lehti: | Journal of Public Economics
2000 : SEP, VOL. 77:3, p. 383-406 |
| Asiasana: | Competition Income tax OECD |
| Vapaa asiasana: | Endogenous markups |
| Kieli: | eng |
| Tiivistelmä: | This paper examines the implications of endogenising the markup in a simple model of income taxation under monopolistic competition. It is demonstrated that an increase in income tax reduces the number of firms, lessens competition among surviving firms and raises the optimal markups in the new steady state. Through this channel, the effects of income taxation on the key macroeconomics variables as well as on consumer welfare are unambiguously enlarged. |
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