To better see how the elasticity of supply and demand affects tax incidence, consider a 20% tax on a can of soda. Suppose the government decides that the buyer should pay the 20% tax. Does this mean that the buyers will be paying 20% more, or will sellers have to share some of the...
such as buyers and sellers or producers and consumers. Tax incidence can also be related to the price elasticity of supply and demand. When supply is more elastic than demand, the tax burden falls on the buyers. If demand is more elastic than supply,...
Explain the theory of consumer choice and how it involves consumers using trade-offs to make decisions and respond to changes in their environment. Give an example to demonstrate how a firm, acting out of self-interest, maximizes its profit...
Arrow, in relation to a theory which had been given a little earlier by the present writer. Arrow's views can be found in his well-known article of 19503 and in Social Choice and Individual Values (1st ed. 1951, 2nd ed. 1963) and those of the present writer in a......
With this additional constraint in place, we can calculate, in terms of marginal damages, the social cost of carbon along a path where temperature is constrained below 2 °C.5 The social cost of carbon calculated in this way corresponds more closely to, but is not the same as, that provid...
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Annual fiscal incidence studies have found that income taxes and cash transfers are highly progressive and that their net effect is to redistribute income from rich to poor. Yet many argue Jhat such studies overstate the redistribution achieved by governments and that lifetime analysis is needed New...
number of children, personal and family experience of food fraud and PCA components such as ‘Staple foods’, ‘Trust in reliable sources’, and ‘Trust in food vendors’ significantly predicted the model. This is the first preliminary study to provide empirical findings on consumers’ concerns ...
health services, treatment adherence, and incidence of drug adverse events (all at 1 year), using multi-level regression models, with FP as a random effect. (3) Results: We recruited 117 FPs and 593 of their patients. In the intention-to-treat analysis, the between-group difference for ...
The difficulty to calculate cost price is real for small-scale diversified farmers, who often do not even know the quantity they produce. Also, CSA farmers want to offer affordable vegetables to their consumers. In the last years, the turnover within groups is quite high, and consumers have ...