"Problems Book to Accompany Mathematics for Economists" is intended to complement any course in quantitative methods in economics, mathematical economics for undergraduate students or introductory mathematical economics for graduate students. It is aimed as an inexpensive supplement to nearly...

Our paper studies the causes of poverty from the perspective of job search. We show that poor people remain poor because they have less time and initial endowment to search for a better job. Initial endowment is key to successful job search, as one can afford not to work and search longer for a...

Purpose – The purpose of this paper is to weigh the benefits and costs of public property, as opposed to private, from the transaction cost perspective. In the absence of transaction costs, private property has clear advantages over public. However, when the true costs of running an economic...

Before and after Coase - The Role of Transaction Costs