We argue five main propositions. Firstly, the choice between royalties and profit-based taxation involves an efficiency trade-off, between diminished incentives to produce output on one hand, and diminished incentives to minimize costs on the other (as in Laffont and Tirole 1993). So the Brown...

Discussions of the income-child health gradient have often focused on the question of whether the association between household income and child health is attributable to children from low-income households experiencing more health shocks, responding less well to the health shocks they...