Showing 601 - 610 of 660
This paper analyzes a general-equilibrium model in which each person can choose to be either a producer or a predator. This model shows how predation breaks the link between the interpersonal distribution of productive resources and the interpersonal distribution of consumption. Specifically, we...
Persistent link: https://www.econbiz.de/10011504051
In many historical cases victory by a challenger for political dominance over an initially dominant group has ended civil conflict. But, in other places victory by a challenger has provided only a temporary respite, a brief intermission before the resumption of civil conflict. This paper uses a...
Persistent link: https://www.econbiz.de/10011504742
This paper formalizes the commonsensical hypothesis that resource scarcity causes a large allocation of time and effort to appropriative competition. Our main innovation is to model explicitly the positive intertemporal effect of consumption on the probability of survival. The critical...
Persistent link: https://www.econbiz.de/10011504895
This paper develops a model of a war against the producers of illegal hard drugs. This war occurs on two fronts. First, to prevent the cultivation of crops that are the raw material for producing drugs the state engages the drug producers in conflict over the control of arable land. Second, to...
Persistent link: https://www.econbiz.de/10012467544
This paper shows how predation breaks the links between an economy's aggregate resourceendowment and aggregate consumption and between the interpersonal distribution of endowments and the interpersonal distribution of consumption. We construct a general-equilibrium model in which some people...
Persistent link: https://www.econbiz.de/10013212351
This paper considers the possible employment effects of reforming minimum-wage policy to incorporate indexation of the nominal minimum wage .The analysis assumes that both the demand for the labor services of minimum-wage workers and the setting of the nominal minimum wage rate under existing...
Persistent link: https://www.econbiz.de/10013324086
This study investigates the effects of Federal minimum wage policy on mini-mum wage employment, aggregate employment, and average wage rates. The theoretical analysis focuses on the possible effect of the Federal minimum wage in constraining wages and employment in a subset of labor markets, on...
Persistent link: https://www.econbiz.de/10013324154
Persistent link: https://www.econbiz.de/10002529897
This paper addresses the following question: Does characterizing the state to be an agent of its citizens provide a useful "as if" framework for positive analysis of economic policy? Or, can we understand economic policy only by explicitly characterizing the state as proprietary, the instrument...
Persistent link: https://www.econbiz.de/10014153386
Why do sovereign states sometimes fail to settle territorial disputes peacefully? Also, why do even peaceful settlements of territorial disputes rarely call for the resulting border to be unfortified? This paper explores a class of answers to these questions that is based on the following...
Persistent link: https://www.econbiz.de/10014064868