Financing productive public capital through distortionary taxes typically creates a trade-off: the optimal investment is determined as a compromise between efficiency-enhancing public investment and perturbing market efficiency, but is never socially optimal. In contrast, such a trade-off can...

Financing productive public capital through distortionary taxes typically creates a trade-off: the optimal investment is determined as a compromise between efficiency-enhancing public investment and perturbing market efficiency, but is never socially optimal. In contrast, such a trade-off can...

As climate change impacts intensify globally in both frequency and magnitude, and with scientific consensus on what is yet to come if the world fails to act, the imperative to step up our collective response has never been more pressing. By providing the knowledge necessary to formulate...