A two country model of trade between a flexiwage and a minimum wage economy or two mmjmum wage economies is developed. The main novelty is that there are three factors of production: capital, skilled and unskilled labour. This unlocks the terms of trade. Unskilled labour is subject to the same...

A global analysis of the welfare effect of changes in tariffs is undertaken in multihousehold economy with any finite number of private and pure (nonexclusive and nonrivalrous) public goods. The sensitivity of the results to various methods of financing the production of public goods is examined...

A multihousehold economy with production/consumption externalities, environmental taxation, and governmental production of pure, nonexclusive and nonrivalrous public goods is assumed. The production of public goods is financed from environmental tax revenue. Globally valid necessary and...