The short-period incidence of taxation revisited

Article Abstract:

A model of the oligopolistic sector defined in terms of strategic processes in which firms operate is used to remedy the deficiencies of the AB model consisting of a relationship where nominal wages and prices are assumed to be fixed. The model is extended to account for limited information on demand conditions. The study indicates that tax policies which increase aggregate demand tend to initiate price wars during the period of economic growth rather than during periods of recession. The results of the study contrast with the assumptions of the AB tax incidence model on the elasticity of the supply curve.

Planning, Taxation, Tax incidence, Wage price policy, Wage-price policy

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Monetary policy and macroeconomic equilibrium in an oligopolistic economy

Article Abstract:

The oligopolistic economy is studied by focusing on the impact of macroeconomic variables and monetary policies. The product market is an infinitely repeated supergame model where firms are motivated to collude by restricting output. It is shown that contractionary monetary policies increase collusive output by affecting interest rates called the strategic effect of interest rates.

Monetary policy, Oligopolies

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The scope for collusion and competition in a regulated vertically integrated industry

Article Abstract:

The effects of input price controls in deregulated industries such as telecommunications, railroad and electric and water utilities are analyzed in the context of a Cournot duopoly. It is shown that input price controls are desirable and beneficial to consumers since they induce increases in industrial productivity which lead to lower prices and an increase in consumer surplus.

Competition (Economics), Deregulation, Price control, Price regulations

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