This paper uses a dynastic model with intergenerational altruism to analyse rural-urban migration during times of high unemployment rates and low expected income, and to explain the higher mobility of young generations. Different dynastic utilities between generations lead to conflicts between...

Australian wool producers are being told that exchange rate have driven systematic fluctuation in the price of their wool at auction. This paper presents some key findings of a major collaborative study on the effect of exchange rates on Australian wool prices with the Economic Research Centre...

The relationship between real exchange rate pass-through (ERPT) for market price and an individual country’s price was theoretically formulated and empirically explored, using steel products data in the US market, with special reference to two major steel exporting countries, Japan and Korea....

The existence of economies of scale requires different interpretations of the welfare effect of protection on the industry from conventional analyses. This paper finds that the Australian automotive industry has economies of scale, and carries out relevant welfare analysis of tariff. Using the...

This paper examines the performance of the participating countries at the Summer Olympic games. It investigates each country's performance and attempts to identify the determinants of this performance in each sport, and also examines other issues related to specialization at these games, using...

This article explores a country’s utility maximization behavior for the Olympic Games when uncertainty exists in medal production. An application of the theoretical model developed shows that, when the Eastern bloc pays relatively lower (higher) costs to win medals, as the overall welfare...