| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24124 |
| 来源ID | Working Paper 24124 |
| One Markup to Rule Them All: Taxation by Liquor Pricing Regulation | |
| Eugenio J. Miravete; Katja Seim; Jeff Thurk | |
| 发表日期 | 2017-12-18 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Government often chooses simple rules to regulate industry even when firms and consumers are heterogeneous. We evaluate the implications of this practice in the context of alcohol pricing where the regulator uses a single markup rule that does not vary across products. We estimate an equilibrium model of wholesale pricing and retail demand for horizontally differentiated spirits that allows for heterogeneity in consumer preferences based on observable demographics. We show that the single markup increases market power among upstream firms, particularly small firms whose portfolios are better positioned to take advantage of the policy. For consumers, the single markup acts as a progressive tax by overpricing products favored by the rich. It also decreases aggregate consumer welfare though 16.7% of consumers are better off under the policy. These consumers tend to be older, less wealthy or educated, and minorities. Simple policies therefore generate significant cross-subsidies and may be an effective tool for government to garner favor of key constituencies. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Welfare and Collective Choice ; Public Economics ; Taxation ; Industrial Organization ; Antitrust ; Industry Studies |
| URL | https://www.nber.org/papers/w24124 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581797 |
| 推荐引用方式 GB/T 7714 | Eugenio J. Miravete,Katja Seim,Jeff Thurk. One Markup to Rule Them All: Taxation by Liquor Pricing Regulation. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24124.pdf（4473KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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