We consider an environment in which a government implements a sequence of tax mechanisms that assign allocations to a population of privately informed agents. These mechanisms are determined by a process of electoral competition with agents voting over political candidate-mechanism pairs in each...

Governments have traditionally financed their activities by selling nominal debt of various maturities. A long standing question concerns the optimal management of these liabilities. Many contributors have posited a role for short term nominal debt, either on cost minimization grounds or on tax...

This paper studies optimal taxation of entrepreneurial capital and financial assets in economies with private information. Returns to entrepreneurial capital are risky and depend on entrepreneurs' effort, which is not observed. The presence of idiosyncratic risk in capital returns implies that...

The purpose of this paper is to study how progress in home production technologies and in medical technologies influences gender differences in labor market outcomes and the household division of labor, in an economy with endogenous gender roles. We consider a model in which incentive problems...