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Taxation and market power in the legal marijuana industry.

We study tax and regulatory policy in the legal marijuana market using unique administrative data from Washington state. Washington's retail entry restrictions have resulted in firms with substantial market power who behave like local monopolists. We show how the presence of market power causes tax...

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Publicado en:RAND Journal of Economics (Wiley-Blackwell) Vol. 52; no. 3; pp. 559 - 596
Autores principales: Hollenbeck, Brett, Uetake, Kosuke
Formato: Artículo
Publicado: Wiley-Blackwell Sep2021
Materias:
Washington (State)
Fiscal policy
Taxation
Externalities
Market power
Marijuana industry
Price discrimination
Drug laws
Acceso en línea:Ver este registro en EBSCOhost