We argue that in order for consumption tax reduction to be effective in increasing consumer wealth rather than benefitting suppliers, the tax field is insufficient by itself. We claim that due to cognitive biases, or heuristics, when the government changes consumption tax rates, officially to...

This paper concerns companies that sell commodities and are in their initial stages of formation and growth. Such companies will often face severe difficulties due to the banking system's unwillingness to finance their activities before they are able to develop sufficient credit histories. When...

The article seeks to explore previously undiscussed differences between the negligence and strict liability rules and thereby examine the required medical liability reform, if such reform is indeed required. Our main thesis is that negligence as a basis for liability entails a unique mechanism,...