This paper first inverts a general class of matrices for solving Bertrand equilibria from arbitrary coalition structures in linear Bertand oligopolies. It then studies merger incentives and obtains two main results; 1) for any asymmetric costs, mergers of any size are profitable; 2) a merger will...

Labor productivity is measured for each of 4 selected years for each of four components of personal consumption expenditures for food: food purchased for off-premises consumption, purchased meals and beverages, food furnished Government and commercial employees, and food produced and consumed on...

This paper tests for the existence of diseconomies of size for Canadian cities using Gibrat's Law. If diseconomies of size are not present, then the growth rate of cities is shown to contain a unit root. Therefore, testing for Gibrat's Law is equivalent to testing for unit roots commonly found...

The way in which the economic base of regional economies influences the viability of the communities that serve them has been a subject of inquiry for several decades. Many previous studies have been static in nature, thereby failing to capture the influence of changes in the base through time....

Rural economies in the United States and Canada are characterized by incomes persistently below those in metropolitan areas and both unemployment and underemployment rates continuously above those in major urban economies. Other socio-economic comparisons also indicate an adverse relationship....