In this paper we use an experimental approach to study the decisions of human subjects who are given cash incentives to solve a particular representative agent dynamic model widely studied in macroeconomics. In a representative agent dynamic model, an economy is modelled as a single decision...

Several noted economists briefly pay tribute to recently deceased Keynesian economist Dudley Dillard.

Agricultural products are normally underpriced and many types of urban production subsidized in developing countries. In developed countries agriculture normally shares in the system of subsidies, and in developed countries without comparative advantage in agriculture many farm products are...