Poverty debates have recently focused upon the emergence of an underclass characterised by a detachment from society's normative behaviour and values. Alternative contributions invite us to view the growth in social assistance as the 'new poor' measured against the 'traditional' poor. In neither...

National parks and protected areas form the basis of global conservation initiatives and provide a raft of benefits in the form of various consumptive and non-consumptive uses. However, it is extremely difficult to express these benefits in monetary terms. The lack of economic values for these...

In England, housing market renewal (HMR) proved an urban policy cause célèbre held to be representative of state-sponsored gentrification. This paper considers some critiques and explores the relocation experience of a group of residents in South Yorkshire, England during the implementation of...

This paper investigates the effect of resale allowance on entry strategies in a second price auction with two bidders whose entries are sequential and costly. We first characterize the perfect Bayesian equilibrium in cutoff strategies. We then show that there exists a unique threshold such that...