I analyze the welfare effects of a policy of modern sector enlargement (MSENL), and a policy of increasing the efficiency of on-the-job search from the urban informal sector (IEOS) in a generalized Harris-Todaro model. I show that MSENL causes a Lorenz worsening of the income distribution and...

Free markets for health care in Africa do not function properly, in that patients exhibit willingness to pay for health care and yet practitioners are unable to sell their services. It is widely acknowledged that health markets everywhere are troubled with imperfect information. Therefore it is...

Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of inducing competition and thus cannot accurately capture the loss in social welfare. In this Article, we suggest an alternative method of measuring the social cost of monopoly....

This article presents theoretical analyses of organizational changes observed within firms since the past two decades in most industrialized countries. In a first category of models, the engine of organizational change lies in an increase in the complexity of production or in changes affecting...

Using a nested multiple-case study of participating ventures, directors, and mentors of eight of the original U.S. accelerators we explore how accelerators' program designs influence new ventures' ability to access, interpret, and process the external information needed to survive and grow....

Similar to many sub-Saharan African countries, Sudan has inherited a dual economy in the immediate post-independence era where a large agriculture-based rural traditional sector coexisted with a small non-agricultural modern sector. This functional dualism remained until the first oil shipment...

In very different fields of economics, economic inference and policy evaluation require economists to parametrize a production function that links measures of input factors to measures of output. While doing so, strong assumptions are implicitly made about microeconomic variables governing the...

On the occasion of the one hundred years' anniversary an unsettled dispute between John Hobson and Alfred Marshall is revived. The paper argues that Marshall misunderstood Hobson, who by claiming that the choice of technique is endogenous arrives at the conclusion that marginal labor is an...

This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution — more precisely, with regards to their ability to combine...

The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a "national emergency" definition of potential output and is published by the US Census Bureau. Over the peak-to-peak period 1989-2019, the NEUR decreased by 14.2 percent. The paper...