Failure of Ad Valorem and Specific Tax Equivalence under Uncertainty

Goerke L, Herzberg F, Upmann T (2014)
International Journal of Economic Theory 10(4): 387-402.

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Zeitschriftenaufsatz | Veröffentlicht | Englisch
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Abstract / Bemerkung
Applying a framework of perfect competition under uncertainty, we contribute to the discussion of whether or not ad valorem taxes and specific taxes are equivalent. While this equivalence holds without price uncertainty, we show that ad valorem taxes and specific taxes are almost never equivalent in the presence of uncertainty if we require equivalence to hold pathwise. Since we obtain this result under perfect competition, our analysis also provides a further rationale for why the equivalence must fail under imperfect competition.
Erscheinungsjahr
Zeitschriftentitel
International Journal of Economic Theory
Band
10
Zeitschriftennummer
4
Seite
387-402
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Goerke L, Herzberg F, Upmann T. Failure of Ad Valorem and Specific Tax Equivalence under Uncertainty. International Journal of Economic Theory. 2014;10(4):387-402.
Goerke, L., Herzberg, F., & Upmann, T. (2014). Failure of Ad Valorem and Specific Tax Equivalence under Uncertainty. International Journal of Economic Theory, 10(4), 387-402. doi:10.1111/ijet.12046
Goerke, L., Herzberg, F., and Upmann, T. (2014). Failure of Ad Valorem and Specific Tax Equivalence under Uncertainty. International Journal of Economic Theory 10, 387-402.
Goerke, L., Herzberg, F., & Upmann, T., 2014. Failure of Ad Valorem and Specific Tax Equivalence under Uncertainty. International Journal of Economic Theory, 10(4), p 387-402.
L. Goerke, F. Herzberg, and T. Upmann, “Failure of Ad Valorem and Specific Tax Equivalence under Uncertainty”, International Journal of Economic Theory, vol. 10, 2014, pp. 387-402.
Goerke, L., Herzberg, F., Upmann, T.: Failure of Ad Valorem and Specific Tax Equivalence under Uncertainty. International Journal of Economic Theory. 10, 387-402 (2014).
Goerke, Laszlo, Herzberg, Frederik, and Upmann, Thorsten. “Failure of Ad Valorem and Specific Tax Equivalence under Uncertainty”. International Journal of Economic Theory 10.4 (2014): 387-402.