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Title:Commodity tax structure under uncertainty in a perfectly competitive market PDF Logo
Authors:Goerke, Laszlo
Issue Date:2011
Series/Report no.:CESifo working paper: Public Finance 3339
Abstract:In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on output for a specific (unit) tax can enhance welfare in imperfectly competitive markets and is without impact in a competitive world. This paper demonstrates that a substitution of this kind can also increase expected output and welfare in a competitive market characterised by uncertainty about the commodity price, if firms can respond to the revelation of demand conditions by altering output.
Subjects:ad valorem tax
commodity taxation
perfect competition
uncertainty
unit tax
JEL:H21
H25
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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