In recent years there have been numerous international conflicts about fishing rights. These conflicts are wider in scope than those captured by the model presented in this paper. Yet the model sheds lights on the economic implications of these conflicts as well as on the implications of other...

This is a model of a pure hierarchy which oversees a given number of productive units. Its aim is to minimize costs, which are the sum of wage costs and costs caused by delays in decision making. The advantage of the model is that it permits the calculation of an optimum formal structure of the...