In this paper the role of family structure in mitigating income volatility in the absence of income insurance in low-income agricultural environments is discussed. Hypotheses concerning the relationship between the membership, size and composition of households and insurance-based income...

We present a general equilibrium model with oligopsonistic market structure in one of the sectors. Buyers of inputs can set the price of inputs by being involved in rent seeking activities. The framework developed is applied to the Bulgarian economy in particular to the agro-food chain. From the...

Countries cooperate in negotiating treaties. However, treaty compliance is noncooperative; signatories comply with treaties only if compliance leaves them better off than noncompliance. US and EC agricultural policies of 1986 are modeled through a noncooperative game. Bilateral treaties,...

The paper examines the effect of rationing outputs and inputs on producer behaviour. Full representation of the modified supply-demand system after rationing, including shadow prices for the constrained netputs, is derived from the unrestricted profit function before rationing, and vice-versa....

Shared knowledge structures, such as cognitive categories and relationships, are central to the interpretation of a complex social environment and thus play an important role in mediating between individual preferences and group outcomes. This article defines a "knowledge-induced equilibrium"...

Many developing countries pursue policies that treat large and small firms differently. For example, large firms may be subject to a value added tax while small firms are explicitly exempted. Moreover, governments often find it impractical to collect taxes from the smallest enterprises; this may...

This paper investigates the role of the deterioration of the Turkish public sector balances in the latter half of the 1980's and the evolution of the economic crisis with the aid of a computable general equilibrium model. The theoretical basis of the model utilized in the paper rests upon the...

A simple two-sector endogenous growth model of government spending and growth is developed with a producing and a lobbying sector. Lobbyists divert government spending for private gains. One key innovation is this: With democratization, information (and power) becomes more diffused (public),...