An experimental examination of general equilibrium tax incidence

• 成果类型: Article
• 署名作者: Quirmbach, HC; Swenson, CW; Vines, CC
• 署名单位: University of Southern California; Iowa State University; University of Arizona
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/0047-2727(95)01545-0
• 发表日期: 1996
• 页码: 337-358
• 关键词: experimental markets; general equilibrium; tax incidence; taxation of capital

摘要

Tax incidence is examined in an experimental general equilibrium production micro economy. Consistent with predictions, the imposition of a tax on corporate capital resulted in a flow of capital out of the corporate sector, decreased corporate usage of capital relative to labor, and tax-shifting through decreases in the relative prices of capital and non-corporate output. Although capital owners were able to shift some of the tax burden, the corporate tax resulted in a 35% drop in capital owners' share of payoffs. Implications for policy are discussed.