There is an unmet need for greater investment in preparedness against major epidemics and pandemics. The arguments in favour of such…
A central authority possessing tax and expenditure responsibilities can readily provide an efficient level of a public good. Absent a…
Nation 1 is seeking to join the nuclear club. Nation 2, its enemy, would like to prevent this, and has the potential to destroy 1’s bomb-…
Excess prices for drugs in the U.S. is a persistently vexing policy problem. While there is agreement among most policy analysts that supra…
The power of Pan-Africanism as a guiding vision for the continent’s development is widely studied, mostly as an aspirational phenomenon. At…
This Working Paper challenges two widely held views: first that trade performance has been the primary reason for the declining share of…
Massive dollars shuttled back and forth among firms on the twisted path to and passage of the 2017 tax reform. Prices of individual stocks…
We study an economy where intermediaries facilitate exchange between a supplier and consumers. The set of feasible transactions is…
US President Donald Trump and congressional Republican allies have succeeded in passing their big tax legislation. While it lacks many of…
Behavioural economic research has established that defaults, one form of nudge, powerfully influence choices. In most policy contexts, all…