The purpose of this paper is to analyse how trade liberalisation affects location decisions of firms in vertically linked industries with different factor intensities. Firms can choose to locate either in a low wage, labour abundant, country or a low rental, capital abundant, country. We derive...

This study examines the role of auctioneer's strategy used in determining pricing at art auctions. It characterizes the role of auctioneers, prices that the paintings were sold at and tests a series of hypotheses about their behaviour. This is done using pricing data from an auction of...

We use the 2004-'05 wave of the Australian National Health Survey to estimate the impact of private hospital insurance on the utilization of hospital care services in Australia. We employ the two-stage residual inclusion approach (2SRI) to account for the endogeneity of supplementary private...

This paper studies the dynamic evolution of an economy in which parents can choose to send their child to a public or private school and vote over taxes used to fund public schools. The objective is to study growth and the evolution of income distribution in a model where alternative education...

This paper begins by asking a fundamental question: why do students who take Economics at an introductory level often leave the subject without understanding even the most basic economic principles? The superficial answer seems to be that courses try to cover too many concepts at the expense of...

This article examines the pedagogical benefits of using multimedia in the teaching of economics at an undergraduate level, then provides an example from my own teaching to serve as a reference for lecturers interested in creating an interactive learning environment, which prompts genuine two-way...