We argue that in order for consumption tax reduction to be effective in increasing consumer wealth rather than benefitting suppliers, the tax field is insufficient by itself. We claim that due to cognitive biases, or heuristics, when the government changes consumption tax rates, officially to...

This paper is concerned with cross-dependencies between endogenous market structure and tax policy. We extend the Mirrlees (1971) model of income taxation with a monopolistic competition framework with general additively separable consumer preferences. We show that price and variety distortions...

We review the theoretical justification of consumption taxes in advanced economies, providing a systematic overview of the vast public finance literature exploring how goods and services should be taxed. Our discussion focuses on both the determinants of the optimal level of consumption taxation...

Over the last decade, international economic conflict has increased dramatically. To name only a few examples, the European Union has banned the import of products from deforested land and is poised to impose a duties on carbon-intensive imports; the United States has banned imports from China...

The view that alternative retail channels (i.e., informal and/or second-hand modes of goods acquisition) are used out of economic necessity by disadvantaged consumers has been recently opposed by cultural theorists who instead read such channels in agency-orientated terms as places of fun,...

In the past few years, the view that participation in informal and/or second-hand modes of goods acquisition results from economic necessity has been contested by an agency-orientated cultural reading that views such engagement to be about the search for fun, sociality, distinction, discernment,...