Using a new data set from the Office of the Superintendent of Financial Institutions, I conduct an in-depth study on cost efficiency and returns to scale (RTS) in Canadian banking. I estimate a transcendental log cost function for the six largest Canadian commercial banks which account for...

This paper discusses efficiency considerations underlying the widespread exemption of food from sales and value added taxes, in contrast to the distributional considerations usually used to justify them, analyzing the implications for tax policy. Although there are increasing returns in both...

Goal-oriented transformative change processes - that is, system-transforming processes that are guided by the ambition to resolve current or expected future societal challenges of various kinds - can only start once possible goals are considered by key stakeholders and the relevant actors are...