The value of broadband and the deadweight loss of taxing new technology
In: NBER working paper series 11994
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In: NBER working paper series 11994
In: NBER working paper series 11995
In: NBER working paper series 11072
In: NBER working paper series 9141
In: NBER working paper series 7558
In: Foreign affairs, Volume 92, Issue 1, p. 166-171
ISSN: 0015-7120
In: Foreign affairs, Volume 92, Issue 1
ISSN: 0015-7120
A review essay covering a book by William I. Silber, Volcker: The Triumph of Persistence (2012).
In: The B.E. Journal of Economic Analysis & Policy, Volume 5, Issue 1
ISSN: 1935-1682
Abstract
With fixed costs of developing technology, taxes can generate large efficiency costs by slowing the rate of diffusion and these costs are not accounted for in conventional analyses. This paper illustrates the potential importance of this idea in the context of taxes on broadband Internet access at an early stage of its existence by combining data on individual demand by area with data on supplier entry into those markets. Applying a tax to broadband in 1998 would have reduced the quantity and generated a large deadweight loss in the conventional model but when the analysis accounts for the fixed costs of entering new markets, taxes lead to delayed entry in several markets. In these places, the lost consumer surplus is additional deadweight loss and it more than doubles the true efficiency costs from taxation. The conventional model also dramatically understates the share of the tax burden borne by consumers.
In: NBER Working Paper No. w11994
SSRN
In: American economic review, Volume 90, Issue 2, p. 271-275
ISSN: 1944-7981
In: Journal of political economy, Volume 108, Issue 2, p. 352-378
ISSN: 1537-534X
In: Journal of political economy, Volume 108, Issue 2, p. 352
ISSN: 0022-3808
In: NBER Working Paper No. w6392
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In: NBER Working Paper No. w6173
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In: NBER Working Paper No. w6192
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