The exact properties of the production possibilty surface with two factors and three commodities (goods) have not been clearly defined.The present conclusion is that the production possibility surface is a ruled surface on which each straight line corresponds to a constant factor price ratio.

Tax evasion is analogous to deadweight loss in its effect upon the rules for cost-benefit analysis of public sector projects. Deadweight loss and tax evasion both cause the marginal cost of public funds to increase as tax payers attempt to reduce the tax base in response to increases in tax...

This paper models the linkage between a country's national security and the defense spending of its allies and adversaries. The cost of an arms race is introduced into the alliance public good framework of Olson and Zeckhauser. Contrary to their presumption, for a cooperative treaty to increase...

Within the framework of linear regression, errors arising from artificial inclusion or exclusion of variables are considered with augmentations or restrictions on a given maintained hypothesis. This permits exploitation of relations between tests based on Wald and Lagrange Multiplier Principles....

We ask if pure profits obtained in our earlier model might be dissipated by forces excluded. We consider the possibility that the profits will be converted into land rents and usurped by landlords and conclude this will not happen. Second, we consider new firms entering to drive existing firms...

We consider Gee's model of industrial location and prove analytically that, given Gee's assumption of price discrimination, firms always wish to locate in the centres of their markets. This contrasts the result for mill-price-plus-transport-cost pricing where firm locate in the centres of...

This paper develops a frequency domain procedure for identification of time series models. The approach is similar to Tintner's variate difference technique for determining the degree of a polynomial by repeated differencing. Unlike conventional procedures, it can identifying mixed processes and...

The Kemp-Loury model of a single uncertain deposit is cast in an n-state framework and optimal programs characterized. Robson's problem of arranging the optimal sequence of uncertain deposits is recast and a market failure involving the jointness of learning about deposit size and gaining...