This paper presents an overview of the application of the mathematical theory of 'high-Iow' search to firms' pricing and production decisions. We show how this methodology can be used to determine an optimal sequence of price-quantity decisions by a firm through time. We suppose that the firm...

This paper exploits the division of Germany after the Second World War and the reunificationof East and West Germany in 1990 as a natural experiment to provide evidenceof the importance of market access for economic development. In line with a standard neweconomic geography model, we find that...

In response to recent work on the aggregation of individual judgments on logicallyconnected propositions into collective judgments, it is often asked whether judgmentaggregation is a special case of Arrowian preference aggregation. We argue the op-posite. After proving a general impossibility...