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SUMMARY:Competition and VAT Pass-Through
DESCRIPTION:11:30 - 12:30Francine D. Blau Room 3.3.002B+C // We examine how competition affects VAT pass-through in isolated oligopolistic markets as defined by the Greek islands. Using daily gasoline prices and a difference-in-differences methodology, we study how changes in VAT rates are passed through to consumers in islands with different number of retailers. We show that pass-through increases with competition, going from 50% in monopoly to around 80% in more competitive markets but remains incomplete. In addition, we find that there is a positive correlation between competition and the speed of price adjustment. Finally, we find higher pass-through for products with more inelastic demand.
DTSTART;VALUE=DATE:20230329
DTEND;VALUE=DATE:20230329
DTSTAMP:20220928T220000Z
URL:https://www.diw.de/en/diw_01.c.855253.en/events/competition_and_vat_pass-through.html
ORGANIZER;CN=Christina Stadler:mailto:cstadler@diw.de
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