Yugoslavia is one country with two alphabets, three religions, four languages, five nationalities, six republics, and seven surrounding nations. In the period since WWII, it has changed from a largely agricultural nation to a rapidly developing economy. In this paper, the author will look at...

Attention is focussed on the degree of substitutability between capacity or capital, the input shared by the different periods over a demand cycle, and variable inputs, the inputs specific to each period. A general expression is obtained for the proportion of price in each period attributable to...

Using residential location theory, the authors investigate the relationship between three economic aggregates in the city -- aggregate land rents, aggregate transportation costs, and expenditure on public goods. Differences in land rents partially reflect differences in transportation cost, as...

This paper analyzes government policy when random shocks affect particular industries, occupations or regions. Workers can freely choose and industry or occupation ex ante, and can relocate at a cost, once uncertainty is resolved. The policy instruments available are per capita taxes and...

This paper, prepared for the Handbook of Income Distribution (edited by A.B. Atkinson and F. Bourguignon), reviews some of the central issues that arise in thinking about the motives for, politics of, constraints on and measurement of, redistribution. Amongst the themes are: the potential...

This paper studies the "rationality" of conscious parallelism and predatory pricing in the context of a dynamic oligopoly model. The doctrine of conscious parallelism is modelled as the outcome of a signalling game in which the rules of response are specified axiomatically. This results in a...