The (double) Pareto-lognormal is an emerging parametric distribution for income that has a sound underlying generating process, good theoretical properties, and favourable evidence of its fit to data. We extend existing results for this distribution in 3 directions. We derive closed form formula...

This paper investigates whether cannabis use leads to worse mental health. To do so, we account for common unobserved factors aecting mental health and cannabis consumption by modeling mental health jointly with the dynamics of cannabis use. Our main nding is that using cannabis increases the...

This study uses cross-county variation in support for 46 ballot measures to identify political subcultures in South Dakota and to study them. A hierarchical clustering method applied to county-level election returns allows the identification of subcultures at various levels of granularity. We...

This paper provides an introduction to the concept of the elasticity of taxable income with respect to the net-of-tax rate. This elasticity aims to capture all potential responses to income taxation in a single elasticity measure, without the need to specify the nature of the various adjustment...

Advocates of natural resource accounting argue for the revision and refonnulation of national accounting practices in order to better account for the depletion and degradation of a nation's resource stocks and environmental assets. The literature is predicated on three key assumptions: that...

This is a preliminary version of a prospective book which springs from concerted effort among several researchers in the fiels of industrial economics. This chapter is devoted to the strategic role of information in oligopoly, and more broadlyn, in monotone games in general.

Generations of students and the reading public have been taught: (a) that it was Thomas Carlyle who called economics (political economy as it was known) "the dismal science" and (b) that he did so as a reaction to the pessimistic predictions of Malthus in relation to population growth and its...

In this paper we develop a framework which is appropriate for the systematic investigation of the relationship between net (and gross) flows between different labour market states and movements in the unemployment rate. We use that framework to investigate the behaviour of net flows of persons...

We develop a theory of public versus private ownership based on value diversion by managers. Government is assumed to face stronger institutional constraints than has been assumed in previous literature. The model which emerges from these assumptions is flexible and has wide application. We...

Evidence of macroeconomic conditions impacting the earnings of men in Canada in a manner consistent with an implicit contracting framework is found using data from eleven cross-sectional surveys spanning the years 1981-1992. The estimates are similar to those found by Beaudry and DiNardo (1991)...