"Regulatory Failure and Renewal develops a framework to understand the choice of regulatory instrument used in Canada for natural monopolies such as telephone companies, water utilities, streetcars, hydroelectricity, and railways from the 1880s to the 1930s. Using the transaction-cost literature...

This paper moves toward the formulation of a normative theory of taxation that incorporates collective choice as an essential element. Such a theory has many interesting parallels to optimal taxation, including large information requirements for political agents. The paper discusses possible...

A new view is emerging in the economic literature on how to analyze and interpret national and subnational revenue systems. Recent work has shown that such systems can be modelled successfully as sets of related policy instruments that are being shaped and used deliberately by vote-maximizing...