The Hotelling locational model and its adaptations to a circular city provide a core framework for research in industrial organization. The present paper expands the explanatory power of this model by incorporating a continuum of consumers with constant-elasticity demand functions along with...

Articles from the 1970s applied a general-disequilibrium framework to the determination of output and employment with sticky nominal prices and wages. Quantities are determined on the short sides of the goods and labor market and involve non-price rationing. With general excess supply, where...

The fiscal theory of the price level (FTPL) has been active for 30 years, and the interest in this theory grew with the recent global surges in inflation and government spending. This study applies the FTPL to 37 OECD countries for 2020-2022. The theory's centerpiece is the government's...

Chamley and Judd argued that optimal taxation dictates zero long-run tax rates on capital income, but Straub and Werning found that tax rates may be positive even in the steady state. These models feature a "period-zero problem" in the underlying Ramsey formulation, which omits past commitments...

In a rational-choice approach to religious conversion, the conversion rate depends on a person's costs of switching religions and costs of having one's religion deviate from the type viewed as ideal. The International Social Survey Programme (ISSP) waves for 1991, 1998, 2008, and 2018 allow for...