Dang, Tri Vi; Morath, Florian - Max-Planck-Institut für Steuerrecht und öffentliche … - 2013
This paper analyzes the effects of taxation on trade in a decentralized market. We show that a tax on profits and a transaction tax have opposite implications for information acquisition and trade in the canonical take-it-and-leave-it offer bargaining model. A (marginal) increase of a...