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In this paper, a model is set up to determine the size of the wildlife population compatible with the extraction of the maximum output by rural people from natural resources. It is found that when the size of human population increases, to obtain the maximum output of food, the size of wildlife...
Persistent link: https://www.econbiz.de/10014212062
This paper assesses the impact of economic globalisation on the South African auto industry. First, a duopoly model of differentiated products is used, which allows the determination of the free trade and protection dividing line. This determines the stay-exit function, which shows the...
Persistent link: https://www.econbiz.de/10014212065
From Arthur Lewis' seminal paper to Michael Todaro's model, there has been an attempt to explain migration from rural to urban areas. However, no attempt has been made to determine the trajectory of employment in a dual economy in order to increase employment. In this paper, we set up a planning...
Persistent link: https://www.econbiz.de/10012951097
In the main duopoly models such as that of Cournot, Bertrand and Dixit, the products are homogeneous and the price of one producer is expressed as a function of variables such as the output or the price of the other producer. However, in the real world, products are differentiated and price...
Persistent link: https://www.econbiz.de/10013159277
The ongoing debate between proponents of free trade and protectionism stems from the lack of the free trade and protectionism dividing line in manufacturing industries, upon which countries can agree. In this paper, we determine from a duopoly model of differentiated products this trade line,...
Persistent link: https://www.econbiz.de/10012715481
In the world trading system, there is a trade of differentiated products among countries due to their specialization in the same line of production. However, in two-by-two models two countries cannot specialize in the same line of production except for strategic reasons and necessarily gain from...
Persistent link: https://www.econbiz.de/10012719920
In the economics literature, Heckscher-Ohlin, Melvin and Ricardo's theories based respectively on factor endowments, increasing returns to scale and comparative cost advantage are generally considered as separate theories that explain international trade. In this article, we argue that factor...
Persistent link: https://www.econbiz.de/10012722344