Salemicus comments on Politics Discussion Thread September 2012 - Less Wrong

-1 Post author: Multiheaded 05 September 2012 11:27AM

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Comment author: Salemicus 05 September 2012 10:07:46PM *  11 points [-]

Tax incidence is not affected by which party pays the tax.

In a world with no transaction costs, perfect competition and full information, this is correct.

In a world of high transaction costs, market power and information asymmetry, this is not necessarily the case.

Which world does the dating market look more like to you?