This article provides a theoretical study of temporal restrictions in the context of natural resource management in North America. The economic inefficiencies arising from the use of temporal restrictions to protect natural resources have been well documented by researchers. We first demonstrate...

In this paper, we study the commuting behavior of citizens living in or near a city who must decide how to get to work. Such citizens can always use their own car and drive to work. However, they can also take public transport to work. The two public transport options we consider involve taking...

We provide a political-economy analysis of crime prevention in an arbitrary city in the United States. City residents (voters) elect mayors (politicians) and elected mayors determine the resources to be allocated to crime prevention. Between the two time periods, there is an election....

We exploit the public good attributes of Ganges water pollution cleanup and theoretically analyze an aggregate economy of two cities---Kanpur and Varanasi---through which the Ganges flows. Our specific objective is to study whether water pollution cleanup in these two cities ought to be provided...

We focus on an aggregate economy of two nearby cities A and B and study whether it is possible for the leviathan governments in these two cities to use taxes τA and τB to attract members of the so-called creative class. The creative class population is fixed and members locate either in city A...

We exploit the public good attributes of Ganges water pollution cleanup and theoretically analyze an aggregate economy of two cities-Kanpur and Varanasi-through which the Ganges flows. Our specific objective is to study whether water pollution cleanup in these two cities ought to be provided in...

We first delineate a general model that accounts for the common features of sightseeing trips to city attractions and to locations such as lakes and parks. Next, we use the theory of discrete-time Markov chains (DTMCs) to formalize this general model and then we compute the one-step transition...

We first construct a theoretical model of tax evasion in a stylized developing country in which all taxpayers have either high or low income. The key problem is that the high income taxpayers may underreport their income. An individual income tax return can only be verified with an audit that...