This paper specifies a vertically differentiated products model for a product with a discrete/continuous choice. The model is easily estimated with the relatively limited data used in classical demand equation estimation, supplemented by readily available market characteristics data. The model,...

Is there any glue that may tie together the future of US unionism and the trend towards disintegration of the firm? This paper addresses this question by investigating the effect of outsourcing on US unionisation. Using a new dataset for the US manufacturing sector from 1973 to 1994, we quantify...

This paper presents a critique of the commonly-cited post-Keynesian "demand for credit" model, which tests the hypothesis that bank lending to business is driven by the working capital needs of firms, and which has appeared to support the contention that the money supply is endogenously...

The evolution of income distribution is studied in a dynamic model of education choice. In this model, both public and private education are available. Public education is financed using a tax rate determined by majority voting. The analysis focuses on neoclassical growth in order to ensure...

Like many countries keen to maintain a rapid pace of development, China has undertaken an ambitious programme of development of its telecommunications infrastructure. Unlike most it has chosen to do while keeping the sector free from foreign direct investment except in well defined roles such as...