We provide a political-economy analysis of crime prevention in an arbitrary city in the United States. City residents (voters) elect mayors (politicians) and elected mayors determine the resources to be allocated to crime prevention. Between the two time periods, there is an election....

We analyze a stylized model of competition between two cities that use a local public good(LPG) to attract members of the creative class. The creative class consists of artists and engineersand we study the behavior of a representative artist and an engineer. The level of the LPG in eachcity is...

We study pollution cleanup in the Ganges in Varanasi, India. Voters elect politicians and elected politicians decide how much pollution to clean up. Between the two time periods, there is an election. Politicians are sincere or insincere. The marginal cost of public funds ζ measures how...

We focus on a poor region and study the nexuses between health interventions undertaken by a regional authority (RA) and this region’s Holling resilience in the presence of a pandemic such as Covid-19. First, we show how a health intervention by the RA probabilistically affects an...

We study the implications of the interaction between human capital and knowledge spillovers for one kind of semi-endogenous economic growth in a region. We focus on two cases. In the first (second) case, there is no growth (growth) in the stock of human capital but knowledge spillovers are...

We provide the first theoretical analysis of the effects of alternate forms of taxation on economic growth in a dynamic model with multiple regions. The regions are heterogeneous but, in each region, consumers have constant relative risk aversion preferences, there is no growth in the stock of...

In this paper, we analyze a discrete-time Markov chain theoretic model of the provision of guided tours to tourists by a private firm. Specifically, we first determine the equilibrium probability distribution of the number of tourists in the guided tour providing firm's waiting room just before...

When it comes to inspections in invasive species management, the literature has shown that there is frequently a tension between economic cost reduction and inspection stringency. As such, we analyze the properties of two probabilistic inspection regimes that are designed to screen arriving...

In this note, we study the contractual interaction between the fathers of a prospective groom and a prospective bride in a traditional society. Based on his valuation of the groom, the bride's father approaches the groom's father with an offer of marriage. The groom's father does not know the...