In recent years, there has been an increasing trend in supply chains to employ a “control tower” approach to improve supply chain performance. Such a strategy includes vendor- or supplier-managed-inventory (VMI or SMI) where the supplier takes over the control tower, and the other strategy...

The observation that collection lags combine with inflation to erode fiscal revenues has long been a strong argument against seigniorage (Tanzi (1978)). However, with the exception of Dixit (1991), who used a general equilibrium model to reject this argument, the optimal tax literature has not...