This paper investigates the impact of monopsony power on the location decision of the firm. It shows that if the transportation rates are a function of distance only and the production function is homogeneous of degree one, the optimum location is independent of monopsony power. However, if the...

This paper shows that the Saito version of Solow growth model contains an error. It corrects this error. It further applies some built-in functions of Mathematica to the correct version of Solow economic growth model and derives some interesting graphs from the Solow convergent paths.

This paper examines the output effect of an ad-valorem tax of undifferentiated oligopolistic firms in the Weber-Moses triangle.  It shows that an increase in the ad-valorem tax will increase each firm’s output but may increase the number of firms and total output of firms if the...

This paper examines the impact of the ad-valorem commodity tax as a policy device on output and location decisions of undifferentiated oligopolistic firms with free entry. It shows that: (1) When the distance between the plant location and the output market is held constant, the optimum...

Reexamines the impact of grants on the demands for recipient and nonaid federal government services.

This paper shows the first presentation of consumer's surplus as a definite integral is in Launhardt''s 1885 masterpiece, Mathematische Begrundung Der Volkswirtschaftslehre. In chapter 32, Launhardt applied integral calculus to derive the consumer''s surplus of a decrease in the freight rate for...

This paper examines the impact of oligopsony power on the location decision of undifferentiated oligopolistic firms with free entry. In the case where the distance of an oligopolistic firm from the output market is held constant, it shows that the optimum location moves away from the...

This paper investigates whether monetary and fiscal policies, such as lump-sum taxes, distortionary taxation and monetization of public deficit, have criminal impacts. We address this question extending the neoclassical monetary growth model. We have demonstrated that fiscal policies affect...

This note exploits an alternative but simple way to examine the employment effect of wage discrimination when the constant elasticity labor supply curves are strictly concave. The Bernoulli inequality applied in this paper allows us to show that wage discrimination increases total employment in...

This paper examines the impact of a specific commodity tax on output and the location decision of undifferentiated oligopolistic firms with free entry. It shows that (1) the optimum output and location of the oligopolistic firm is independent of the specific commodity tax if the demand function...