(1994) Taxation, Cost-Benefit Analysis, and Monopoly in an Open Economy. European Journal of Political Economy 10: 529-543.

Abstract. This paper looks at optimal taxation in an open economy with a monopoly. It is shown how the formulae concerning taxation and public investment criteria should be modified to take into account monopoly profit, monopoly power in the world market and the fact that with a monopoly, the consumer and producer taxes for nontradables are the same.

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