This article applies the theory of relational contracts to make precise the idea that because households are engaged in …

We examine ways of funding higher education, comparing upfront tuition fees with graduate taxes. The tax dominates, as … endogenized. We show that graduate taxes reduce work incentives but provide incentives to improve teaching quality. Yet if tax … allocated the revenue generated by its own alumni. In addition, we demonstrate how a budget-balancing graduate tax would …

A digressive tax like a variable rate sales tax or a tax on price gives firms an incentive for expanding output. Thus …, unlike unit and ad valorem taxes which amplify the harm from monopoly, a digressive tax lessens the harm. We analyse a tax on … price with respect to efficiency and practical policy appeal. Using a tax on price in combination with ad valorem taxation …

A digressive tax such as a variable rate sales tax or a tax on price gives firms an incentive for expanding output …. Thus, unlike unit and ad valorem taxes which amplify the harm from monopoly, a digressive tax lessens the harm. We analyse … a tax on price with respect to efficiency and practical policy appeal. In particular, we show how tax reforms based only …