Abstract The 2011 National Nutrition Survey of Pakistan revealed that 51% of the country’s population was consuming less than 2,100 calories a day. In the backdrop of rising food insecurity, hunger, and malnutrition in Pakistan, this study aims to measure the effects of indirect taxation on...

In a two-stage Cournot oligopoly cost minimization sometimes calls for ex ante identical firms to invest in diverse technologies. It is an implication of this result that it might be optimal to treat identical duopolistic polluters asymmetrically. We discuss the efficiency properties of a...

Thirty years after its passage, Proposition 13 did the job it was intended it to do. People are secure in their homes because the property tax is controlled and state government has not been shortchanged.

Thirty years after voters ushered in the tax revolt by passing Prop. 13, it remains the third rail of California government. In the throes of the budget crisis of 2008, there was no serious talk of reforming the property tax system. Prop. 13 was opposed by the elite, supported by the masses, and...

Opponents of Prop. 13 make a political miscalculation as serious as that which conservatives did with Social Security. For 30 years, they have tried to dismantle Prop. 13, or modify it. Their efforts are as doomed as the efforts to change Social Security, because Prop. 13 is considered part of...

California’s current budget process fails to accomplish any of the goals a budget should. It does not maintain aggregate fiscal control. The budget fails to achieve allocative efficiency by targeting resources to programs that address the sectors of the state economy that would most benefit...