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...

This paper investigates the conditions under which expected equivalent variation provides a correct ranking of stabilized and uncertain price situations. Expected equivalent variation can be recovered from ordinal preferences whereas ex ante equivalent variation requires additional information...

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Investigates the split application of nitrogen for rainfed corn in the Midwest using two-stage decision model. Ex post analysis of late nitrogen application; Ex ante analysis of preplant nitrogen application: Use of information from the Erosion Productivity Impact Calculator (EPIC); Implications...

This paper investigates the role of infrastructure aid to developing countries beset with unemployment. Since unemployment persists in most developing countries with chronic foreign debts, the impact of infrastructure aid is analyzed using an extended Harris-Todaro model with two traded good...