This paper investigates the effects of first-best policies to regulate nitrogen application. Some nitrogen fertilizer is applied ex ante before a random rainfall, but sidedressed nitrogen may be applied ex post. First-best policy is a tax or a quota on ex ante application, because sidedressed...

Lead Article. Cited in Giancarlo Gandolfo's textbook, International Economics I: The Pure Theory of International Trade (Springer-Verlag), 1995. Abstract Currently Unavailable.

This paper investigates long run consequences of international trade between two economies inhabited by two distinct races using different languages. If wages are not equal in autarky, free trade encourages the workers of the low-wage country to learn the language of the high-wage country. As...

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Cited in Giancarlo Gandolfo's textbook, International Economics I: The Pure Theory of International Trade (Springer-Verlag), 1995. Abstract Currently Unavailable.

This paper investigates a mixed market in which one or more producers of genuine brands compete with firms that produce counterfeit goods. The counterfeit product is assumed to be a good with positive marginal utility. Consumers recognize a counterfeit but knowingly purchase it because of its...

This paper investigates the effects of factor price stabilization on production decisions of the competitive firm with "ex post" production flexibility. Factor price stabilization is achieved through changes in the guaranteed minimum price and the imposed maximum price. For the risk-averse firm,...

This paper examines the implications of many industries on the Heckscher-Ohlin (HO) model. Available empirical studies suggest that output prices are interdependent. When output prices are interdependent, the HO Theorem obtained in the 2 * 2 case generally does not hold in the multi-commodity...

This paper investigates the effects of population growth and Chinaï¾’s entry into the world trading regime on the North and the South. In the absence of the terms of trade effect, population growth reduces the standard of living and causes a decline in welfare. Unilateral trade...