There is widespread consensus that higher cigarette taxes are the most effective policy tool in reducing population smoking rates and tobacco-induced mortality, but the efficacy of such taxes is tempered by the possibility of a rise in smuggling and the availability of contraband tobacco....

We study the effect of the educational diversity of managers on the performance of team-managed mutual funds using a large sample of U.S. equity funds from 1994 to 2013. We consider diversity in terms of both final educational degree and field of educational specialization. We find that, in...

With Canada ending the legal prohibition of recreational marijuana as of October 17, 2018, governments across the country have been mobilizing to tackle the many policy challenges. But there has been a lack of policy discussion on whether supply from existing authorized producers will be...

We use the Lindberg-Levy central limit theorem (CLT), Tchebychev's inequality, Slutsky's theorem, and general rules for limiting distributions to demonstrate sufficient conditions under which the Student-t test statistic for the mean is asymptotically standard normal. Although there exist weaker...

The Ontario government should scrap its peak-demand electricity-pricing program for large industrial electricity users in order to lower costs for Ontario households, according to a new C.D. Howe Institute report. In “Peak Power Problems: How Ontario's Industrial Electricity Pricing System...

Canada's budding legal marijuana market requires federal-provincial cooperation in order to succeed, according to a new C.D. Howe Institute report. In “Joint Venture: A Blueprint for Federal and Provincial Marijuana Policy,” author Anindya Sen argues that the federal government should retain...