Pooling of costs and revenues is commonly practiced by public utilities, and by other firms exercising a degree of market power. In this paper, a variety of explanations of pooling are considered. A new explanation based on the concept of common property, is advanced. The costs of pooling are...

Although Pakistan's surface irrigation development has a long history, it is only about 30 years ago that the development of groundwater resources was begun. During the past decade, government policy has been reoriented towards private, instead of public, tube well development in fresh...

Recent developments in the global system of cities present a curious paradox. With the cost of communications declining almost to zero and substantial, though less dramatic reductions in transport costs, there is now little technical requirement for most kinds of production to be undertaken in...

The study was designed to analyze credit receipt and enterprise performance by small scale agro based enterprises in the Niger Delta region of Nigeria. A multistage sampling technique was adopted in selecting 264 agro based enterprises and 96 agro based enterprises that accessed informal and...

The internal rate of return to public investment in agricultural R&D is estimated for each of the continental U.S. states. Theoretically, our contribution provides a way of obtaining the returns to a local public good using Rothbart’s concept of virtual prices. Empirically, we use the spatial...