We link daily price-changes for 11 Dow-Jones companies for 5 three month periods to the prevailing interest rate. In "normal times", the interest carrying cost of owning a share exceeds average price change. In periods of high volatility (eg. August to November, 2008), average price change...

The relative openness of the economies of the Atlantic provinces vis-a-vis the rest of Canada has important implications for the design of economic policy in Canada and in its constituent parts. This paper reports on the quantification of the relative openness of the economies of the Atlantic...

Interregional input-output models have seldom been empirically articulated owing no doubt to the inordinate demands made on research teams to collect data on economic flows and to prepare the oeffecients required int he models. This paper talks about a more recent model, which is that of...

A group of well-known models in location theory can be classified according to three salient properties--the presence or absence of homogeneity in the geographic space with respect to first the distribution of consumers, secondly the distribution of inputs for production, and thirdly the...

In his classic work, The Economics of Location, August Losch claimed to have proved that the free entry of firms to a market in two dimensional geographic space characterized by uniform quality throughout its area would result in hexagon-shaped market areas.

Hotelling's 1929 article concerning the behavior of duopolists in a spatial setting has had a lasting influence in economics and political science. With a simple model, he was able to elucide why "our cities become uneconomically large and business districts within them too concentrated"; and...

The Hitchcock-Koopmans (HK) transportation problem in linear programming (4), (5) and the Cournot-Enke-Samuelson (KES) pricing problem in spatial price equilibrium (2), (3), (6) are two classic analyses in the theory of transportation costs. In this paper, I generalize the HK analysis to take...

Von Thunen taught us, with the aid of a simple model (15), how to allocate and price agricultural land around a town. Cournot (1), Enke(3), and Samuelson(10) demonstrated how to price commodities at different points in space so as to cause efficient interregional trade to result when...

Alfred Weber (17) developed a model to show how a firm might locate when entering production given geographically distinct markets for the firm's product and the firm's inputs. The optimal location for the firm entering was shown to result from the solution to a straightforward transportation...

This paper is in one sense the analysis of a particular case of the Hadley and Kemp model (described in the paper). We shall focus on two region or country trade with two orthodox commodities plus a produced transport commodity. We will observe that balance of payments disequilibrium is a...