This article aims to analyze two aspects of the theory of clubs which are currently matters of some controversy: the question of optimal club size and the distinction between clubs and firms. Both aspects become of interest when the optimal number of clubs is small relative to population. In the...

This article explores the provision of a price-excludable public good under conditions of monopoly, in which the monopolist sets a uniform all-or-none price-output package to all consumers. The reasons for interest in this particular monopoly model are twofold First, many public goods are...

Harold Hochman and James Rodgers' response to our reconsideration of their discussion of Paretian redistribution indicates that their model and ours are quite distinct. However, the differences emerge from a number of assumptions that had not been explicitly raised in their earlier discussions...

This article is an engagement with a piece of Buchanan’s on the ethics of debt default, in which Buchanan proved to be surprisingly sympathetic to debt default as an option. Debt default is a current period transfer from bondholders to taxpayers at large. Default cannot then serve to...