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Lerner Symmetry Theorem |
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Lerner Symmetry TheoremThe proposition that a tax on all imports has the same effect as an equal tax on all exports, if the revenue is spent in the same way. The result depends critically on balanced trade, as in a real model, so that a change in imports leads to an equal change in the value of exports. Due to Lerner (1936).Similar MatchesInformation asymmetryInformation asymmetryCondition that information is known to some, but not all, participants. AsymmetryAsymmetryA lack of equivalence between two things, such as the unequal tax treatment of interest expense and dividend payments. |
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