The internal labor market concept has had a major impact upon economic analysis. In particular, it has prompted economists, to closely examine questions of work effort and motivation, and to recognize that labor is a qualitatively different factor of production from capital. Economists have...

This paper examines methods used to evaluate the welfare effects of tax changes, with emphasis on the measurement problems involved. Welfare changes and excess burdens are defined, along with approximations. Aggregate measures, using a social welfare function, are examined. The special case of...

This paper provides an introduction to some aspects of the role of taxes in a static general equilibrium framework. The standard diagrammatic framework is first used, in the case of fixed factor supplies, in order to examine selective commodity and factor taxes. A simple two-sector model, with...

This paper introduces an approach to nonlinear modelling which is based on the use of the generalized exponential family of distributions. The flexibility of the approach is illustrated using hypothetical data based on an economic model which exhibits multiple equilibria for certain periods of...