A survey of the literature on the economics of natural resources. Extractive resources are classified as renewable or non-renewable, depending on whether they exhibit economically significant rates of regeneration. A unified model of optimal extraction over time is developed, drawing on a number...

This paper analyses the effects of government controls over land supply on housing in the rapidly growing cities of Korea. Whilst Korea's urban population more than doubled in the period 1973-88, urban land for residential use grew by only 65 per cent. The result has been extremely rapid rises...

The purpose of this paper is to present qualitatively a concise synthesis of the possible benefits and costs of torturing prisoners. Most countries deny, yet apparently do, torture. Qualitatively, the benefits of torture are easy to summarize: torture attempts to extract information from...