@TechReport{CEPII:2010-30,
author={Philippe Andrade and Martine Carré and Agnès Bénassy-Quéré},
title={TVA et taux de marge : une analyse empirique sur données d'entreprises },
year=2010,
month=décembre,
institution={CEPII},
type={Working Papers},
url={https://www.cepii.fr/CEPII/en/publications/wp/abstract.asp?NoDoc=2815},
number={2010-30},
abstract={We study how French exporters react to a VAT shock in a destination country. VAT shocks are by nature almost permanent, exogenous, and have no impact on marginal costs. We argue that the subsequent price reaction therefore identifies to which extent mark-up adjustments tame the impact of a macro shock on final consumption prices. We show that even a uniform increase in the VAT rate can entail non-uniform mark-up adjustments across exporters and, consequently, an important redistribution of profits both between sectors and across firms within a sector. Indeed, mark-up adjustments vary with the elasticity of demand and the market shares.},
keywords={}
}