Market power of the tobacco industry in Senegal

INTRODUCTIONThe Economic Community of West African States (ECOWAS) adopted a new directive on the taxation of tobacco products in December 2017. The minimum rate of the ad valorem tax is now set at 50% with the removal of restrictions on the maximum rate level to be applied. A specific tax of US $ 0.02 per sticks of cigarette is associated with it. These provisions should allow a reduction in consumption through an increase in the selling prices of cigarettes. Howeve