This paper uses baseline data from the randomized experiment of the conditional cash transfer program - Red de Proteccion Social, Nicaragua to conduct an ex ante evaluation and compares results to those of the experimental evaluation. Reduced form estimation of a behavioural model using a health...

In this paper we sustain that non smokers who might be at risk of starting to smoke or relapsing can benefit from anti smoking policies such as tax hikes and smoking bans because these are mechanisms that enhance their self control with regard to tobacco consumption. We formalise this conjecture...

Trade data on East Asian EMEs shows the predominant use of Dollar Currency Pricing (DCP). Using a DSGE model with six-stage vertical production chain, staggered prices, and cross-border trade in intermediate inputs, we aim to provide an alternative explanation for ‘fear of floating’ by EMEs....

This paper adopts an evolutionary perspective on the rent-extraction model with conjectural variations (CV). We analyze the global dynamics of the model with three CVs under the replicator equation. We find that the end points of the evolutionary dynamics include the pure-strategy consistent...

The paper generalizes the natural projection approach introduced by Balasko (1988) to production economies with uncertainty. It explores the equilibrium structure of the long run and short run private ownership production model. It is shown that qualitative equilibrium properties of the...

This paper shows that the inverse image of the natural projection defines a ramified covering with finite layers. Finiteness of equilibria for regular two period production economies with uncertainty follows from this property.

In early 19th century England there was no professional police force and most prosecutions were private. This paper examines how associations for the prosecution of felons arose to internalise the positive externalities produced by private prosecutions. Drawing upon new historical evidence, it...

We study incentives for quality provision in markets where providers are motivated (semi-altruistic); prices are regulated and firms are funded by a combination of block grants and unit prices; competition is based on quality, and demand adjusts sluggishly. Health or education are sectors in...

This paper provides a detailed analysis of the gross worker flows data in the United Kingdom between 1997 and 2010, with particular emphasis on the 2008-2009 recession and its aftermath. Utilising flows data from the Labour Force Survey, the dominant macroeconomic factors driving unemployment in...

This paper evaluates the impact of smoking bans on smoking using a policy change introduced by the UK government. We present a theoretical model of smoking that defines an individual’s life-cycle addiction and cigarette consumption in the presence and in the absence of a public smoking...