The paper analyses the nature and effects of agrarian reform in Uzbekistan. Since becoming independent in late 1991, Uzbekistan has followed a gradual reform path, often invoking the Chinese model. Agrarian reform has resembled China's post-1978 household responsibility system, but has failed to...

We show that optimal public transport subsidy is sensitive to the use of alternative user cost models, and that a model based on cost minimisation principles may lead to an improvement in subsidy estimates. For the case of homogeneous consumers and non-peaked demand, the cost minimisation user...

This paper identifies a new mechanism through which value added taxes may influence the degree of competition in oligapolistic markets. The analysis is based on an oligopoly in which firms interact over an indefinite period of time and hence tacitly collude.