This paper provides estimates of the cost of protection to the Canadian economy for the mid 1970s on the order of 8-10 percent of GNP. Both unilateral and multilateral tariff reduction calculations are done. The estimates are based on an applied general equilibrium model incorporating scale...

This paper examines product selection by multi-product firms, taking explicit account of the sequential nature of real decisions: firms choose product lines before the quantity or price rivalry with other firms is resolved. Unlike most previous work, we focus on demand side strategic...

This paper evaluates the finite sample performance of various tests for cointegration by Monte Carlo methods. The evaluation takes place within the linear quadratic model. The results indicate sharp differences in the tests to detect cointegrating relations especially when the cost of adjustment...

This paper discusses ways to reduce the bias of consistent estimators that are biased in finite samples. It is necessary that the bias function, which relates parameter values to bias, should be estimable by computer simulation or by some other method. If so, bias can be reduced or, in some...

In this paper, the author shall demonstrate that when all demands and supply schedules are either linear or are points or scalars, then the generalized transportation problem and its dual can be expressed as a primal-dual quadratic program, this latter program being due to Dorn (1960) and...

This paper presents a new theory of gender discrimination in competitive labour markets which does not rely on any inherent gender asymmetries. Women and men are organized into households with each having identical household specific human capital. When labour market characteristics (effort,...

The social or economic discount rate is the threshold rate used to calculate the net present value of an investment project, a program, or a regulatory intervention to see whether the proposed expenditures are economically worthwhile to undertake. The size of the economic rate of discount has...

In 1952, Samuelson (1952) showed how the problem of determining the flows of a commodity moving between spatially separated points in an equilibrium when transportation costs were positive could be treated as an extremum problem. Samuelson's approach was to maximize gross economic rent net of...