Conjectural variation models are popular in empirical research as they infer the degree of market power from real data. IO-theorists, however, disapprove it for lack of theoretical foundation, arguing that dynamic reactions are forced into a static model with the strategy space and time horizon...

Conjectural variation models are popular in empirical research as they infer the degree of market power from real data. IO-theorists, however, disapprove it for lack of theoretical foundation, arguing that dynamic reactions are forced into a static model with the strategy space and time horizon...

Optimal linear and non-linear taxation models represent the ends of a spectrum of constraints on feasible tax systems. The continuum in between is little explored, despite the fact that nonlinear taxation Pareto dominates linear taxation, but linear taxation is the more common. The same is true...

Optimal linear and non-linear taxation models represent the ends of a spectrum of constraints on feasible tax systems. The continuum in between is little explored, despite the fact that nonlinear taxation Pareto dominates linear taxation, but linear taxation is the more common. The same is true...