The government has responded to misleading advertising by banning it, engaging in counter-advertising and taxing the product. In this paper, we consider the social welfare effects of those different responses to misinformation. While misinformation lowers consumer surplus, its effect on social...

Regulatory caps on contributions to political campaigns are the cornerstones of campaign finance legislation in many established democracies, and their introduction is considered by most emerging ones. Are these regulations desirable? This paper studies contribution caps in a menu auction...