This paper uses a cost of capital framework to analyze the long-run steady state and transition path for GDP as a result of the 2017 tax…
America’s regional disparities are large and regional convergence has declined if not disappeared. This wildly uneven economic landscape…
This paper examines the choice between subsidizing investment or output to promote socially desirable production. We exploit a natural…
The cost of transmission facilities must be allocated to those within the transmission planning region that benefit from those facilities…
In this paper, we focus on recorded music gifts during the holiday season and estimate the reduction in deadweight loss due to the…
The recent stock-market correction—the first in the U.S. in two years—has invited substantial commentary about what investors should do,…
Recent medical literature suggests that vitamin D supplementation protects against acute respiratory tract infection. Humans exposed to…
There is an unmet need for greater investment in preparedness against major epidemics and pandemics. The arguments in favour of such…