It has been a matter of abiding mystery, at least to me, why political pundits don’t bother to check with economic theory to validate whatever they are saying. There is zero effort on their part to ...

We revisit the classic discussion of the comparison between tax and quota, but in a free-entry Cournot oligopoly. We investigate a quantity ceiling regulation as a quota policy. We find that ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Gordon Scott has been an active investor and technical analyst ...