We analyze a novel tax mechanism in imperfectly competitive markets. The government announces an excise tax rate and auctions-off a number of tax exemptions. Namely, it invites the firms in a market to acquire the right to be exempted from the excise tax. The highest bidders are exempted by paying their bids; and all other firms remain subject to it.
The paper calculates the top income shares in Greece from 1967 (the seizure of power by the military dictatorship) until 2017 (the aftermath of the debt crisis). This long-run perspective allows for the examination of the relationship between inequality and institutional transformations, namely democracy, finance and crisis. We find in particular that (a) transition to democracy did not affect the income share of the top decile, whereas social democracy had a significant negative impact (b) financial development and liberalization substantially increased all top decile shares (c) debt crisis, consolidation and recession were beneficial for the upper ranks of the top decile.
This paper aims to investigate the initiatives and schemes whose members transact among themselves without the use of the official currency.
After we explore what a fair and just price might be, we dedicate this paper to the examination and study of the possibilities to have really such prices in solidarity economy.
This paper researches on exchange networks, parallel currencies and free bazaars in Greece.
The paper is an attempt to use the idea of reflexivity in order to organise and set “ready for answers” the ethical issues which have arisen at the very beginning of the field research (on a topic in the economics area) and have been anticipated for later stages of the research project.
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