The rapid population and economic growth of the Greater Toronto Area (GTA) in the late 1940?s and early 1950?s put a significant strain on the financial and administrative capabilities of the existing municipal governments. However, the existing municipalities wanted to preserve local interest...

This paper is concerned with how the Toronto-based economy adjusted to the problems of rapid economic and population growth and to political changes that were shaped by forces beyond its control. As a result, the City had to change its local government machinery, expand its infrastructure, and...

The government of Ontario has made a number of major changes in the way that municipalities are governed and financed. Some municipalities have been forced to amalgamate despite opposition from their residents. Ontario has also redistributed the responsibilities of the province and the...

If the value cumulative distribution functions are log-concave at the highest lower extremity of their supports of the first-price auction in the asymmetric indepent private values model.

This paper proposes a formal model of migration in which workers are heterogeneous and markets are stochastically correlated. We derive and characterize the optimal migration pattern of a family. It is shown to depend on differences in expected earnings, costs of migration, income risks, and...

Some recent empirical findings are used to motivate employing a model in which consumption exhibits durability, and habits develop over the flow of services provided by them, in order to study the effects of tariff protection on the current account. Durability leads to adjacent substitutability...

India has experienced a much-documented dowry inflation since the 1950s, which has been attributed to a spurt in population growth post-World War II. Will recent declines in fertility lead to a reversal of this trend and a regime of bride price? My paper develops a dynamic general equilibrium...

This paper examines the interaction between root causes, domestic policy considerations and the use of extremism as a strategic tool in an external conflict. Within a two-country three-stage game, we show that, in general, domestic policies will be used strategically to achieve the desired level...