This paper uses bargaining dynamics, administrative politics, and agency theory to examine financial outcomes from New Zealand land reform. Results are inconsistent with payments arising from a bargain in which both the Crown and lessee advocate to their full potential, and are instead...

Boundary algebra [BA] is a <--,(-),()> algebra of type <2,1,0>, and a simplified notation for Spencer-Brown’s (1969) primary algebra. The syntax of the primary arithmetic [PA] consists of two atoms, () and the blank page, concatenation, and enclosure between ‘(‘ and ‘)’, denoting the primitive notion of...</2,1,0></--,(-),()>

The authors compute the scaled varlogram (the variances of kth differences scaled by the variance of first differences) of the log of annual per capita real aggregate output (GDP or GNP), as measured by (1) the long series for the United States and United Kingdom; (2) Angus Maddison's (1982)...

From estimates of a modified life-cycle consumer expenditure function (LCF), Feldstein (1996) concluded that Social Security old age benefits reduced 1992 private saving by more than $400 billion. (1992 net (gross) private saving was $425 ($1,474) billion.) I confirm this finding, and show that...