We develop a model of scarce, renewable resources to study the commons problem. We show that, contrary to conventional wisdom, property rights can often be less efficient than a commons. In particular, we study two effects: (1) waste which arises when individuals expend resources to use a...

We develop a model of scarce, renewable resources to study the commons problem. We show that, contrary to conventional wisdom, property rights can often be less efficient than a commons. In particular, we study two effects: (1) waste which arises when individuals expend resources to use a...

Fraud is an ancient crime and one that annually causes hundreds of billions of dollars in losses. We examine the behavioral patterns over time of different types of frauds, which illustrate cyclical frequencies. We develop an evolutionary theory that suggests cyclic behavior in frauds should be...

This dissertation is part of the effort to contribute to our understanding of Price Competition and Firm Strategies in oligopolistic markets with certain characteristics. It comprises of three chapters. Chapter 1 provides the introduction and background of the research and a brief summary of...

This thesis examines the effect of integration on wages when the economy is partially unionized. The first part sets up a general equilibrium model where wages in one sector are set by a monopoly union. The unionized sector of the economy also utilizes a factor (capital) which is internationally...