The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the Ricardian model of comparative advantage, generating a model that replicates important features of the neo-classical production theory involving capital and labour without neo-classical...

Dogs are a valued part of millions of households worldwide. They also serve many functions in human societies from herding livestock to detecting drugs, explosives, or illegal wildlife to providing physical assistance or emotional support to those in need. Yet, in terms of behaviour and...

The collection of essays in this volume provides fairly comprehensive analyses of contemporary theoretical and policy issues in international trade. As technological revolution eliminates communications costs and the countries gear towards more open trade regimes through negotiations at the WTO,...

Traditional gravity models posit an inverse relationship between geographical distance and bilateral trade due to increased transportation costs. However, recent literature suggests that bilateral service trade may increase between two countries located at an appropriate geographical distance....

This paper introduces harassment in a model of bribery and corruption. We characterize the harassment equilibrium and show that taxpayers with all possible levels of income participate in such an equilibrium. Harassment has a regressive bias. Harassment cost as such may not affect tax revenue....