a r t i c l e i n f o Keywords: Income tax deductions for losses Private insurance Optimal income tax Kaplow (1992) shows that allowing income tax deductions for losses as partial insurance is undesirable in the presence of private insurance markets. This paper revisits the issue by considering a model that integrates Kaplow (1992) with Stiglitz (1982). We address the following question: Whethe...

Exempting online transactions from sales taxes while taxing their brick-andmortar counterparts is bad fiscal policy for several reasons. First, failure to impose the sales tax on online purchases will cause significant revenue losses for state and local governments that collect more than one-fifth of their combined tax revenues from the sales tax. In addition, different sales tax treatment of o...

In this paper we study worldwide antidumping (AD) case filing patterns in order to determine the extent to which economic versus strategic incentives explain the behavior of countries employing AD actions. We compare four main hypotheses. Two are motivated by the BagwellStaiger (1990) model of special protection and are consistent with the view that AD actions are used to prevent unfair trade: ...

Food and beverage marketing directed at children is of increasing concern to the public health and legal communities. The new administration at the Federal Trade Commission and abundant science on the topic make it a particularly opportune time for the government to reconsider regulating marketing directed at youth. This Article analyzes the Commission's authority to regulate food and beverage ...