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Taxing Market Power
Author(s) -
Gabszewicz Jean J.,
Grazzini Lisa
Publication year - 1999
Publication title -
journal of public economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.809
H-Index - 32
eISSN - 1467-9779
pISSN - 1097-3923
DOI - 10.1111/1097-3923.00022
Subject(s) - oligopoly , economics , market power , context (archaeology) , microeconomics , perfect competition , cournot competition , paleontology , biology , monopoly
We investigate the effectiveness of tax and transfer policies in correcting market distortions when the economy is imperfectly competitive. We perform this analysis in the context of an exchange model representing bilateral oligopoly situations, which constitute particular examples of Shapley–Shubik strategic market games.