In some bargaining situations – for example, collaborative policy-making and compulsory arbitration – a third party imposes a backstop position that differs from the status quo. Axiomatic models of cooperative bargaining presume that the status quo in such cases will have no effect...

This paper is a clinical examination of a surviving brick-and-mortar market for pirate DVDs during its final years of intermittent operation in Hong Kong. We examine the flow of customers, the logistics of market exchange, and the frequency of market disruption due to law enforcement. A sample...

The paper assesses the possibilities for rent generation in the North Sea herring fishery. A bioeconomic model combining fish population dynamics with the economic structure of the fishery is used in rent calculations. The model combines biological data with vessel-level economic data for UK...

In the early 1970s, the herring stocks in the Northeast Atlantic were nearly fished to extinction. This collapse is usually attributed to technological advances in the fishery, particularly the introduction of the echo sounder and the power block. In this paper we investigate the empirical...

Low ethanol prices relative to the price of gasoline blendstock, and tax credits, have resulted in discretionary blending at wholesale terminals of ethanol into fuel supplies above required levels---a practice known as ethanol splashing in industry parlance. No one knows precisely where or in...