We model capital investment in an oligopoly as an infinite-horizon dynamic game and analyse the short-run and long-run economic effects of a country’s corporate tax policy.
- Speaker
- Date
- Monday 16 Oct 2023, 11:30 - 12:30
- Type
- Seminar
- Room
- 3-18
- Building
- Polak Building
Joint with Giorgi PiriashviliI
In an industry with a low rate of capital depreciation (or product turnover), an increase in the tax deductibility of a firm’s capital investments, as reflected in a shift from income taxation to cash flow taxation, decreases market concentration and increases consumer surplus at the cost of large tax subsidies.
However, in industries with a high rate of depreciation, the shift increases consumer surplus and tax revenues at the cost of higher market concentration.
About Thomas Gresik
Thomas’ research spans the fields of corporate taxation and mechanism design. His work has been published in the Journal of Economic Theory and the Journal of Public Economics, among other journals.
Registration for bilateral, lunch or dinner
Please register if you would like to meet the guest speaker for a bilateral, join for lunch or dinner (dinner on Sunday evening).
