This paper analyses and compares the performance of carbon taxes and capital taxes in financing public goods with positive effects on private firm productivity. It is motivated by Franks et al. (2017), who ask whether using carbon taxes could be motivated on fiscal grounds rather than by...

Das Gemeinwesen braucht öffentliche Güter: die Wasserversorgung genauso wie den Kindergarten. Doch die öffentlichen Einrichtungen sind unterfinanziert. Deshalb lebt der Staat schon länger von seiner Substanz. Auf Dauer untergräbt diese Entwicklung die Grundlagen unseres Alltagslebens: Die...

Infrastructure plays a key role in promoting and sustaining rapid economic growth. Properly designed infrastructure can also make growth more inclusive by sharing its benefits with poorer groups and communities, especially by connecting remote areas and small and landlocked countries to major...

Infrastructure regulation has faced transitions not just in recent years, but also throughout much its existence over the last century. Among the many crucial issues in these transitions has been how to handle network effects. These can both cause monopoly and complicate the management of...