Andrade, Philippe; Carré, Martine; Bénassy-Quéré, Agnès - Université Paris-Dauphine (Paris IX) - 2012
We study how French exporters react to a VAT shock in a destination country. As VAT shocks are by nature almost permanent, exogenous, and without impact on marginal costs, the subsequent price reaction makes it possible to identify a pure demand-led mark-up adjustment. The results of an analysis...