A consumer with diminishing marginal utility in consumption, who can search for lower prices, will balance the gains from spreading consumption evenly through time against the benefits of delaying consumption until lower prices are revealed. Optimal programs of consumption, savings and price are...

Traditionally in the literature on local public goods it is assumed that each local public good is a selection from a convex space. In this paper existence is shown for a class of finite models where local public goods are selections from abstract, possibly non-convex, commodity spaces. These...

In classical equilibrium analysis it is assumed that consumers may purchase a given amount of good in any fraction he (she) wishes from any of a fixed number of firms. Sometimes, as with ski-lifts, at any one time it is only possible for consumers to purchase from one firm. An equilibrium price...

Jamaica, with its overfish marine resources, has become a major tilapia producer in Latin America led by a small number of large farms practicing tilapia culture with considerable commercial success. Across the country, however, aquaculture is typically practiced by a large number of small-scale...