We study the strategic interaction between a new good producer and a remanufacturer who use advertising campaigns to compete for a dominant share of the market for a certain good. Each firm chooses one of three possible strategies for running its advertising campaign. The two rival firms care...

This paper studies an intertemporal model of protection and environmental policy in a small trading developing nation (DN). The DN government protects the polluting and the import competing sector of the economy with a tariff. The output and employment effects of three pollution taxes are...

In this paper we construct a general equilibrium model of trade and illustrate that return to unskilled labor may be negatively correlated with the price of product it produces. Specifically, we show that greater protection for the intermediate good that uses “unskilled” labor can reduce the...

Queuing mechanisms are commonly used in developing countries and in transition economies to allocate goods characterized by excess demand to citizens. Bribery and favoritism frequently accompany the use of such queuing mechanisms. Therefore, we first analyze a queuing model of resource...

The sizeable literature on extinction in economics has paid scant attention to the problem of constructing measures of species extinction. Moreover, this literature has not studied the question of species extinction in stochastic systems that are jointly determined. Consequently, the objective...

Presents a collection of research findings on topical issues in international trade theory and policy. This work deals with trade liberalization and outsourcing. It examines trading clubs and preferential trading agreements. It features six chapters on the various aspects of trade and aid.

Small farmers in many tropical developing countries practice swidden agriculture. A key aspect of swidden agriculture is the time period during which the land is left fallow. This paper uses a new ecological-economic approach to study the fallow period and to determine the optimal length of this...

The paper explains most, if not all, observations made by the empirical literature regarding the behavior of skilled and unskilled real wages in the United States, especially those since 1980. Generalizing the Stopler-Samuelson theorem, the authors show that the nontraded sector is critical to...

Recently, Batabyal (2003) has proposed an unconventional population control policy that is sensitive to the cultural desire for male progeny in many Asian nations. Although Batabyal's (2003) proposed policy is culturally sensitive, a potential problem with this policy is that the aggregate size...

Even though arranged marriages have been around for quite a while, the economics literature has paid little attention to the nature of decision making in such marriages. Therefore, very little is known about the impacts of alternate decision rules on the spouse selection question in arranged...