A recurring issue in indirect tax design—most obviously, but not only, for goods traditionally
subject to heavy excises—is the appropriate balance between specific and ad valorem …

ON JUNE 20, 1997, the largest cigarette companies, most state attorneys general, and trial
lawyers agreed to a comprehensive settlement of tobacco litigation: the tobacco resolution …

We develop a theory of commodity taxation featuring imperfect competition along with love-
of-variety preferences and endogenous firm entry and exit. We derive new formulas for the …

This paper reassesses the general trade-off between ad valorem and specific taxation using
an economic model that features love-of-variety preferences and encompasses a wide …

Although it may at first seem unimportant, the structure of excise taxes on cigarettes greatly
affects the price of cigarettes, the structure of the consumption, but also the amount of the tax …

A benevolent social planner, which faces a cost of public funds because of distortive
taxation, wants to finance an upstream monopoly. This monopoly produces a necessary …