Colombo, Luca; Labrecciosa, Paola - In: Journal of Public Economics 97 (2013) C, pp. 196-205
both punishment schemes, increased reliance on ad valorem taxation makes it easier for firms to sustain a collusive … agreement. Contrary to the conventional wisdom according to which ad valorem taxation should be preferred on welfare grounds, we … find that welfare under specific taxation might be higher than welfare under ad valorem taxation. The main conclusion of …