About 30 years ago, I recall an initiative by the private sector to study the potential of real property taxes and how an overhaul of the present system of valuing and taxing land nationally and ...
2021, Paper: "It is standard to think that economic incentives are generally or always better than regulatory mandates. But in the face of behavioral market failures, that conclusion might not be so ...
Information spillovers between firms can reduce R&D incentives if competitors can free ride on innovations. However, strong property rights may impede cumulative research and lead to inefficient ...