This study analyzes the effectiveness of taxation and anti-smoking publicity in influencing the demand for cigarettes, applying time series analysis to per capita cigarette consumption data in Switzerland between 1954 and 1977. The results suggest that two major publicity campaigns following the publication of the U.S. Surgeon General's Report on Smoking and Health in 1964 caused immediate decr...

The optimal provision of a state-variable public good, where the global climate is the prime example, is analyzed in a model where people care about their relative consumption. We consider both keeping-up-with-the-Joneses preferences (where people compare their own current consumption with others’ current consumption) and catching-up-withthe-Joneses preferences (where people compare their own c...

In recent years, the publishing industry has undergone significant change related to the emergence of information technology and communication, leading to the emergence of electronic books substitutes the traditional book. This new reality has an impact on the cultural industry and requires the adaptation of public regulations affecting the production and consumption of eBooks, avoiding situati...

Previous work on the effect of taxes on foreign direct investment (FDI) focused primarily on capital income taxes. We investigate the proposition that other forms of taxation may also deter FDI. We use tax ratios, i.e., average effective tax rates, on consumption, labor and capital income for a panel of 25 OECD countries from 1975-2006. We find that increases in relative tax rates on capital in...

Abstract: In the article tax rates impact on GDP in Poland is analysed. The analysis is based on dynamic stochastic general equilibrium model (DSGE model). Impulse-response analysis shows that the increase in income tax rate causes the decrease in capital, labour and production. Moreover capital is partially replaced by consumption, because households minimise consumption fluctuations. The comp...

Sugar and sweet consumption have been popular and intrinsic to Indian culture, traditions, and religion from ancient times. In this article, we review the data showing increasing sugar consumption in India, including traditional sources (jaggery and khandsari) and from sugar-sweetened beverages (SSBs). Along with decreasing physical activity, this increasing trend of per capita sugar consumptio...

So far, we have focused on a complete market benchmark and studied its success and failure to match the data in several dimensions (business cycles, asset pricing and long run growth) and to understand optimal taxation. A key assumption in that context was perfect enforcement of contracts (in particular, perfect enforcement of state contingent claims). A key result in that context is perfect sm...