With the rapid expansion of Artificial Intelligence, there are expectations for a proportional expansion of economic activity due to increased productivity, and with it energy consumption and its associated environmental consequences like carbon dioxide emissions. Here, we combine data on...

Thin capitalization rules have become an important element in the corporate tax systems of developed countries. This paper sets up a model where national and multinational firms choose tax-efficient financial structures and countries compete for multinational firms through statutory tax rates...

The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...