What do citizens want from the government when the government functions poorly? We find that poorly functioning institutions play a significant role in citizens' redistributive preferences. Specifically, we argue that heterogeneity in tax enforcement creates both winners and losers, leading to...

This study introduces multiplayer game in the modern pension market. Particularly, thisstudy claims that low earners and high earners have different interests when playing in fundedpension market scheme. This differentiating is enabled by avoiding the entire society as a singleearning cohort....

We study the New York City taxi market to examine whether an excise tax hike on cigarettes corresponds to smoker taxi drivers more frequently cheating their customers. Increased cheating could be motivated by both financial pressures and as a reaction to unfair treatment (as surveyed smokers...

This paper examines the impact of a carbon tax on innovation in clean technologies in the transport sector. Rapid advances in clean technologies are critical to reaching the ambitious sector climate targets. We contribute to the understanding of the link between carbon pricing and clean...

The idea that a global minimum corporate income tax rate should be introduced has been publicized with great fanfare. Not as widely publicized is the fact that this, along with the other provisions of Pillar Two, has negative implications for the corporate income tax policies currently...

Public finance theories postulate that the fiscal decisions of one government influence decisions of other horizontally or vertically related governments. Vertically overlapping governments share the same tax base. The theoretical prediction of vertical spillover is ambiguous and the empirical...

Can countries reduce their carbon emissions by changing the composition of consumption instead of, or in addition to, changing the underlying production technology? If so, what type of policy would be most effective? I contribute to answering these questions by introducing a novel dataset...

This paper examines optimal enviromental policy when external financing is costly for firms. We introduce emission externalities and industry equilibrium in the Holmström and Tirole (1997) model of corporate finance. While a cap-and-trading system optimally governs both firms` abatement...

This paper investigates how environmental taxes affect manufacturing productivity by examining British Columbia’s revenue-neutral carbon tax. I develop a new hypothesis, the ‘‘Productivity Dividend Hypothesis,” to show that environmental taxes can positively affect productivity by...

This article uncovers how the COVID-19 pandemic has eroded pre-pandemic fiscal space, economic growth and development in Africa and created new inequities which have further widened the inequality gap. In exploring the concept of inequality, we looked at it in general and the impact of the...