Computing the tax-benefit position of similar "typical" households across countries is a method widely used in comparative fiscal- and social policy research. These calculations provide convenient summary pictures of certain aspects of tax-benefit systems. They can, however, be seriously...

We consider a model with two backbones and a finite number of Internet Service Providers (ISPs) connected to the backbones. ISPs decide on private peering agreements, comparing the benefits of private peering to costs. Intra-backbone peering refers to peering between ISPs connected to the same...

The current overview of bundling theory is combined with author's experiences of its practical application into several step-by-step guidelines. These models consist of the whole process of the construction and performance appraisal of product bundles in retail banking sector and show how the...

Recent writers have asserted that firms controlled by workers are rare because workers have diverse preferences over firm policies, and thus suffer from high transaction costs in making collective decisions. This is contrasted with firms controlled by investors, who all support the goal of...

It is recognized that the usefulness of accounting infor mation is contingent upon its (1) neutrality, (2) relevancy, and (3) reliability. Given that all socio-economic systems are comprised of participants and institutions, it would seem that the attainment of those three qualities is...

How do people respond to matched-savings incentives? Studies of 401(k) plans find that matching increases participation but that higher match rates do not increase--and may decrease--the level of savings. This paper analyzes saving by low-income people in Individual Development Accounts (IDAs),...

We analyze first-price auctions with two asymmetric bidders, where the winner can offer the good for resale to the loser. One bidder has a private value for the good, the other bidder - the speculator - has zero value. We show that, independently of the resale market rules, the speculator's...

This paper considers the methodological problem which the Giffen paradox poses for the economist intent on establishing the empirical status of microeconomic theory. We then turn to more general considerations of the falsifiability of economic theory based on discussions by Adolf Grünbaum....

This article extends the theory of the firm to cover situations in which the firm's technology set is conditional on expected prices. A 'generalized ' price effect is obtained that includes the traditional price effect as well as the technical change effect of prices. An example is presented.

This paper develops a set of management and production criteria needed to be used in order to maximize profits and shareholder values. If these criteria are achieved, the firm may achieve and sustain “supernormal” profits and revenue growth. The criteria developed here are all related to the...