Economists' view of liquidity is askin to Supreme Court Justice Stewart's View of hard-core pornography: "I shall not ... attempt further to define (it) .... But I know it when I see it". Embedding the process of selling an asset in a search environment enables us to provide an exact definition...

This paper examines the economic impact of the 1979 labor strike against lettuce producer-shippers in the Imperial Valley of California. The theory presented suggests that formidable problems are encountered by agricultural labor unions in obtaining higher wages for farm workers. During the 1979...

Economists' view of liquidity is askin to Supreme Court Justice Stewart's View of hard-core pornography: I shall not ... attempt further to define (it) .... But I know it when I see it. Embedding the process of selling an asset in a search environment enables us to provide an exact definition of...