This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain or lose from the competing policy proposals. In reality, there is also a lot of disagreement about the working of the policy: in addition to conflicting interests, conflicting...

Political opposition to technical change is not a new phenomenon; at the plant level, organised labour has often resisted implementation of new technologies, as is exemplified by the Luddites in the nineteenth century, the dockers' strikes against the use of containers in Britain in the early...