In recent years there have been numerous international conflicts about fishing rights. These conflicts are wider in scope than those captured by the model presented in this paper. Yet the model sheds lights on the economic implications of these conflicts as well as on the implications of other...

This paper analyzes the effects of market structure -- monopoly versus competition -- on the quality and durability of goods. Also, it tries to find the impact of government regulation on these variables. The types of quality improvements discussed are: quality as pure substitute for quantity;...

Do costs of coordination limit the size of firms? Do they lead to rising average costs at high output levels? A simple model of a firm which employs production and administrative labor, and where output is declining in coordination time by the latter, answers this question in two steps. First we...