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Article: Endogenous markups and the effects of income taxation: Theory and evidence from OECD countries
Title | Endogenous markups and the effects of income taxation: Theory and evidence from OECD countries |
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Authors | |
Keywords | Cross-Country Evidence E62 Endogenous Markup Income Taxation Monopolistic Competition |
Issue Date | 2000 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jpube |
Citation | Journal Of Public Economics, 2000, v. 77 n. 3, p. 383-406 How to Cite? |
Abstract | Existing studies on the effects of fiscal policy under imperfect competition typically treat each firm's price-cost markup as fixed. 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 macroeconomic variables as well as on consumer welfare are unambiguously enlarged. The simple model prediction is largely supported by cross-section regressions with data from OECD countries. © Elsevier Science S.A. |
Persistent Identifier | http://hdl.handle.net/10722/177684 |
ISSN | 2023 Impact Factor: 4.8 2023 SCImago Journal Rankings: 5.144 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
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dc.contributor.author | Wu, Y | en_US |
dc.contributor.author | Zhang, J | en_US |
dc.date.accessioned | 2012-12-19T09:39:31Z | - |
dc.date.available | 2012-12-19T09:39:31Z | - |
dc.date.issued | 2000 | en_US |
dc.identifier.citation | Journal Of Public Economics, 2000, v. 77 n. 3, p. 383-406 | en_US |
dc.identifier.issn | 0047-2727 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177684 | - |
dc.description.abstract | Existing studies on the effects of fiscal policy under imperfect competition typically treat each firm's price-cost markup as fixed. 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 macroeconomic variables as well as on consumer welfare are unambiguously enlarged. The simple model prediction is largely supported by cross-section regressions with data from OECD countries. © Elsevier Science S.A. | en_US |
dc.language | eng | en_US |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jpube | en_US |
dc.relation.ispartof | Journal of Public Economics | en_US |
dc.subject | Cross-Country Evidence | en_US |
dc.subject | E62 | en_US |
dc.subject | Endogenous Markup | en_US |
dc.subject | Income Taxation | en_US |
dc.subject | Monopolistic Competition | en_US |
dc.title | Endogenous markups and the effects of income taxation: Theory and evidence from OECD countries | en_US |
dc.type | Article | en_US |
dc.identifier.email | Zhang, J: jjzhang@econ.hku.hk | en_US |
dc.identifier.authority | Zhang, J=rp01124 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.scopus | eid_2-s2.0-0034259569 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0034259569&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 77 | en_US |
dc.identifier.issue | 3 | en_US |
dc.identifier.spage | 383 | en_US |
dc.identifier.epage | 406 | en_US |
dc.identifier.isi | WOS:000088486700004 | - |
dc.publisher.place | Netherlands | en_US |
dc.identifier.scopusauthorid | Wu, Y=7406895405 | en_US |
dc.identifier.scopusauthorid | Zhang, J=55367373100 | en_US |
dc.identifier.issnl | 0047-2727 | - |