최신자료
Indirect taxation in consumer search markets: The case of retail fuel
When consumers have heterogeneous access to information about prices, they face different observed price distributions and thus possibly different effective pass-through rates. We estimate a model of consumer search using data from the German retail fuel market. We find that informed consumers face higher effective pass-through rates, with important distributional implications for regulatory and tax policies. Lowering the VAT rate from 19% to 16% decreases transaction prices by 1.9% on average, but disproportionally benefits consumers in high-income markets. We further show that a tax-revenue-equivalent excise tax reduction would have benefited consumers more than a VAT cut, thus generalizing known results in public economics to markets with imperfect information.
많이 본 자료
![[2025.07] 대출규제](/userdata/main/incContent/sideLink/23/aaaqQGcnBTcOc8zW9uLNz20251015165742zqfnw.png)
![[사람이 되고 싶어요2] 환율의 변화](/userdata/main/incContent/sideLink/22/aaaqQGcnBTcOc8zW9uLNz20251015165408vtzoa.jpg)
