We study the implications of the interaction between human capital and knowledge spillovers for one kind of semi-endogenous economic growth in a region. We focus on two cases. In the first (second) case, there is no growth (growth) in the stock of human capital but knowledge spillovers are...

Although arranged and love marriages have been around for a long time there seems to be no comparative analyses in the economics literature of the relative merits of one or the other kind of marriage. As such, the purpose of this note is to conduct a theoretical inquiry into the desirability of...

We model international trade in renewable resources between a single buyer and competitive sellersas a Stackelberg differential game. The buyer uses unit and ad valorem tariffs to indirectly encourageconservation of the renewable resource under study. First, we show that the efficacy of these...

Recently, Batabyal proposed an unconventional population control policy that is sensitive to the cultural desire for male progeny in many Asian nations. Although the proposed policy is culturally sensitive, a potential problem with this policy is that the aggregate size of the national...

We first construct a theoretical model of tax evasion in a stylized developing country in which all taxpayers have either high or low income. The key problem is that the high-income taxpayers may underreport their income. An individual income tax return can only be verified with an audit that...