The world currently stands witness to increasing energy demand mainly because of population growth and improvements in the standard of living. This causes highly negative environmental constraints since energy production, especially from conventional energy sources, is a very intense polluter....

This paper considers a simple model where a firm must make sunk investments in long-lived assets in order to produce output, there are constant returns to scale within each period, and the replacement cost of assets is weakly falling over time. It is shown that, so long as demand is weakly...

How does an increase in unionization costs, i.e. costs which arise when workers are organized by a union, affect the productivity distribution of active firms, wage inequality and welfare? In this paper, we build a model with costly, endogenous unionization, heterogeneous firms as well as free...

Because a will’s authenticity is never certain, probate courts sometimes make incorrect determinations regarding whether a purported will is a genuine expression of the decedent’s intent. When the court incorrectly admits an inauthentic will to probate, a false-positive outcome occurs....

This paper examines the effects that purchased services and imported intermediate materials have on the labour demand for different skills in the manufacturing sector. We derive and estimate a factor demand system based on the generalised Box-Cox cost function nesting both the normalised...