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We model public choice in a number of cases where a government, since it cannot design an optimal policy as a whole, resorts to a sequential, myopic approach; and which is not free of error. We use this framework to explore governmental budgeting and welfare economics. We develop various...
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The authors study a simple model of tariff wars and trade deals in which government revenue collection and disbursement uses resources. The introduction of costly governments leads to lower non-cooperative tariffs, the possibility that a less costly government may win a tariff war, and fully...
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We study different methods of immigration control using a simple model of a congested world. Our main comparison involves quotas, the predominant instrument of immigration control, and a proposed system of immigration tolls and emigration subsidies. We show that the equilibrium of the proposed...
Persistent link: https://www.econbiz.de/10014117524
We consider a world in which the mode of food production, foraging or agriculture, is endogenous, and in which technology grows exogenously. Within a model of coalition formation, we allow individuals to rationally form cooperative communities (bands) of foragers or farmers. At the lowest levels...
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Two macro models one for a closed economy and the other for a small open economy are used to examine the scope for income redistribution and employment creation. In particular, the introduction of both a guaranteed annual income (basic income) and an employment subsidy are examined, and these...
Persistent link: https://www.econbiz.de/10011507707