We analyse both theoretically and empirically, the factors that influence the amount of humanitarian aid which countries receive when they are struck by natural disasters. Our investigation particularly distinguishes between immediate disaster relief which helps the survival of victims and long...

Untreated wastewater being directly discharged into rivers is a very harmful environmental hazard that needs to be tackled urgently in many countries. In order to safeguard the river ecosystem and reduce water pollution, it is important to have an effluent charge policy that promotes the...

Duopoly competition can take different forms: Bertrand, Cournot, Bertrand-Stackelberg, Cournot-Stackelberg and joint profit maximization. In comparing these market structures this paper make three contributions. First, we find a clear price (output) ranking among these five markets when goods...

Utilizing panel data for 19 OECD countries we find support for the hypothesis that a greater degree of product variety relative to the US helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from 6-digit OECD export...

This paper tests for the presence of non-linear dependence in the black- market Polish zloty-dollar exchangeg rate. Using the GARCH-M model, we illustrate use of the Marquardt (1963) alternative to the Berndt, Hall and Hausman (1974) iterative nonlinear algorithm for estimation of such models,...

This paper presents an analysis of gender effects in intra-household allocation of resources among children over the life-cycle in India. We present a simple three-period model that considers two possible motives for differential allocation of resources: parental preferences (in favour of male...

Western advisors of Eastern reform favour outside, stock-market ownership and control of large privatized enterprise. However, Japanese firms and their Western transplants are dominated by employee stakeholders as implicit residual owners. Their success, and political contraints, suggest a...

We present a new model of employee involvement with incomplete contracts and uncertain monitoring. Distributional considerations limit productivity and generate excessive monitoring under employee control, so co-determination can increase both efficiency and labour's share of the enterprise...

In this paper, I examine the scope of Chadwick's principle of contract management. I show that Chadwick targeted his bidding scheme at a number of social evils he perceived to be attached to unregulated cpmpetition and not just at decreasing-cost natural monopoly. I also show that his scheme...

Technological progress in the economy has an impact on a monopolist's optimal choice of product quality by shifting either the demand or the cost curves. When quality is reduced in response to new technolgy we have a On the assumption that consumers with higher reservation prices for the good...