The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs - what we define as "microfrictions". We develop a theoretical framework to show how these microfrictions - and their heterogeneity across the population and policy instruments -...

The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs--what we define as "microfrictions." We develop a theoretical framework to show how these microfrictions--and their heterogeneity across the population and policy...

The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs—what we define as “microfrictions.” We develop a theoretical framework to show how these microfrictions—and their heterogeneity across the population and policy...

The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs — what we define as “microfrictions.” We develop a theoretical framework to show how these microfrictions — and their heterogeneity across the population and policy...

The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs — what we define as “microfrictions.” We develop a theoretical framework to show how these microfrictions — and their heterogeneity across the population and policy...