By using Theil's entropy measure, which is an additively decomposable measure of inequality, one may rank the various factors that affect occupational outcomes. Using the 5 percent sample of the 1990 U.S. Census, I find that sex and education have the greatest impact on occupational outcomes,...

The authors develop a two-period duopoly model characterized by demand uncer-Abstract tainty to consider how a state government should tax the extraction of a nonrenewable resource. They demonstrate that if firms are risk averse, they tilt production toward the future and underproduce in the...