The authors develop a two-period duopoly model characterized by demand uncer-Abstract tainty to consider how a state government should tax the extraction of a nonrenewable resource. They demonstrate that if firms are risk averse, they tilt production toward the future and underproduce in the...

Lewis and Shorten (Applied Economics, 1991, 23, 167-77) have proposed that male and female earnings, male and female labour force participation rates and occupational segregation are simultaneously determined in the labour market. They estimate their model for Australia using 1981 Census data...