While a mind-altering-substance consumption alleviates current level of depression, it facilitates future depression. Our analysis incorporates this trade off and shows that the stationary state of a consistently overly ambitious sophisticated substance user is improved by impatience, and that...

The optimal consumption growth rate for a group in a strictly political federation in a dual-population land is lower than that under partition if the group is wealthier and has a lower population growth rate than its counterpart. Even in such circumstances the group may economically benefit...

This authoritative Handbook provides a thorough account and analysis of the important issues relating to the globalization of the international economy.

This authoritative Handbook provides a thorough account and analysis of the important issues relating to the globalization of the international economy.

This paper analyzes the issue of per capita income convergence and world level of intercountry income inequality within a geographical context.

Although a deviation from the physiologically optimal weight increases the probability of dying, the steady state for a lifetime expected-utility maximiser is a state of overweightness. However, even a small initial deviation from this rationally stationary weight is followed by explosive...