This paper investigates how the presence of social capital affects the externality arising from status-seeking preference as a parable for inefficient antagonistic behavior. It is assumed that the stock of social capital is accumulating through joint social interaction between rational...

We examine the effects of differences in social capital on first and second best transfers to families with children, in an asymmetric information context where the number of births, and the future earning capacity of each child that is born, are random variables. The probability that a couple...

This paper analyzes the impact of fiscal competition through infrastructure in a New Economic Geography framework. It is shown that regional competition leads to convergence if the trade costs are high but induces divergence if trade cost have fallen below a certain value. Moreover, fiscal...

Marshall's student Pigou noted: quot;It's all in Marshall.quot; From a static point of view, this seems rather bold in a constantly changing world. However, this statement becomes more plausible in a dynamic context, where principles are subject to change. Indeed, over time, Marshall's concept...

A number of procedures for generating interregional commodity by industry accounts have been developed recently (Canning and Zhi, 2005; Robinson and Liu, 2006; Jackson et al, 2006; Lindall, Olsen and Alward 2006). While each approach shares a common organizational framework, very little attention has been...

The conventional input-output model has been widely criticized, both justly and unjustly, for its limiting assumptions. One of these assumptions is homogeneity of degree one. This paper explores some approaches to minimize this limitation of traditional input-output analysis by removing the...

The conventional input-output model has been widely criticized, both justly and unjustly, for its limiting assumptions. One of these assumptions is homogeneity of degree one. This paper explores some approaches to minimize this limitation of traditional input-output analysis by removing the...

A number of procedures for generating interregional commodity by industry accounts have been developed recently (Canning and Zhi, 2005; Robinson and Liu, 2006; Jackson et al, 2006; Lindall, Olsen and Alward 2006). While each approach shares a common organizational framework, very little attention has been...