Efficient black markets?

• 成果类型: Article
• 署名作者: Davidson, Carl; Martin, Lawrence; Wilson, John Douglas
• 署名单位: Michigan State University; University of Nottingham
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2006.10.009
• 发表日期: 2007
• 页码: 1575-1590
• 关键词: black market; underground economy; shadow economy; Tax evasion; optimal taxation

摘要

This paper investigates analytically the welfare effects of black-market activities that firms undertake to evade taxes. The desirability of a black market is linked to the attributes of the goods supplied by blackmarket firms. The analysis identifies cases where a black market reduces (increases) the distortionary impact of taxation on the allocation of resources across the goods that the government is attempting to tax, leading to a welfare gain (loss). (c) 2007 Published by Elsevier B.V.