This paper deals with the problem of achieving growth that will sustain itself over the long term, viewed from the standpoint of the sources of economic growth, the limits to growth, and how growth is affected by government policy choices, as well as the nature of the economy and the nature of...

This paper gives a revised theory of monopoly, on the assumption that the monopolist receives political favours in exchange for extending political support. In one case, the monopoly profit just equals the value of the monopoly's contribution to the government's support. Monopoly output may be...

In 1992 the National Oceanic and Atmospheric Administration (NOAA) convened a panel of prominent social scientists to assess the reliability of natural resource damage estimates derived from contingent valuation (CV). The product of the panel's deliberations was a report that laid out a set of...

In 1992 the National Oceanic and Atmospheric Administration (NOAA) convened a panel of prominent social scientists to assess the reliability of natural resource damage estimates derived from contingent valuation (CV). The product of the Panel's deliberations was a report that laid out a set of...

The price, output, and quality of a monopolistic competitor are determined by maximizing the difference between its revenue and its cost, where cost is measured exclusive of the rent on its product-specialized inputs. It can be argued that such a firm must have unique inputs that are specialized...

A major environmental tragedy of modern times is the widespread arsenic contamination of shallow drinking water wells in rural Bangladesh which went unrecognized for years. Large numbers of people are now starting to show a range of symptoms long associated with chronic arsenic exposure. Rural...

Flood of 1997 affected a large number of residents in the Red River Basin. Life disruption, economic damage, lengthy recovery process, physical and emotional trauma motivated a number of main initiatives to improve the level of preparedness in case of future floods. This review will focus on the...