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The paper explores second degree price discrimination in a multi- dimensional good context.There are two types of consumers with demand describe by a t wo-dimensional vector,a quantity dimension and a service attribute dimension (mode of usage,usage pattern).
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If worker performance is observable and contractible without cost, then why do we observe "Spencian", unproductive, education? We provide the following explanation. Say that the economy consists of several different sectors, and that agents are uncertain which of these sectors they are best fit...
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This paper analyses the relationship between the size of jurisdictions and the degree of redistribution. A simple political economy model with cross-border shopping and limited and impure altruism is developed in order to study how the size of jurisdictions affects both the cost of...
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