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The heterogeneous tax pass-through under different vertical relationships

Raúl Bajo Buenestado

The heterogeneous tax pass-through under different vertical relationships.

By Raúl Bajo-Buenestado and Miguel Ángel Borrella-Mas

The authors examine how vertical market structures impact the way a tax affects gas prices, using data from gas station contracts with a major Spanish refiner. Find the article in The Economic Journal.