Economics, Econometrics and Finance
4 years ago

Specialization boosts economy with optimal taxation in imperfect competition.

SSRN Electronic Journal
Optimal Taxation With Imperfect Competition and Aggregate Returns to Specialization
Javier Coto-Martı́nez, Carlos Garriga, Fernando Losada

Paper Summary

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The article explores how taxes can be optimized when businesses have some power to set prices. The researchers found that when companies specialize in different areas, it can lead to higher overall productivity. By adjusting tax rates based on the level of competition in each industry, governments can encourage specialization and boost economic growth.