The point of reference for this paper is the theoretical structure of disaggregated, general equilibrium models of the ORANI type, as outlined in Dixon et al. (1982) and Vincent (1981). This theoretical structure has been applied in a variety of contexts, with particular models differing widely,...

It is now generally recognized that special interest group influence on economic decision making is not in theory a phenomenon restricted to democratic capitalism. Governments which have attained power by non-democratic means must eventually seek legitimacy, either by populist appeals to the...

Traditionally, asset demands are derived as a solution to the individual's or household's problem of allocating wealth among various real and financial alternatives. The demand for each asset depends on the own real rate of return, but also on the real rates of return to alternative assets. The...