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Ticket scalping (known as touting in the UK) is often criticised for raising prices to consumers and producing unjustified profits. Conventional economic theory, however, shows that ticket scalping allows tickets to be reallocated in a more optimal manner with regard to the utility of consumers....
Persistent link: https://www.econbiz.de/10010946122
This paper uses the price and wage data contained in the 1831 census of Lower Canada to provide regional estimates of disparities in living standards within Quebec in 1831. Combining these data with price data for the colony as a whole, we compare living standards in Quebec with those of...
Persistent link: https://www.econbiz.de/10011543081
We argue that the system of seigneurial tenure used in the province of Quebec until the mid-nineteenth centurya system which allowed significant market power in the establishment of plants, factories and mills, combined with restrictions on the mobility of the labor force within each seigneurial...
Persistent link: https://www.econbiz.de/10011543082
In this paper, we consider whether or not inequality forces society to expend more resources on supervision which imposes an extra cost to doing business. Some argue that since inequality deteriorates social capital, there is a greater need for supervisory labor which is a costly burden to bear....
Persistent link: https://www.econbiz.de/10011619850
This paper aims to explain differences in infant mortality across the colony of Quebec, known in the 1850s as Canada East, by institutional settings. Areas settled under French laws (known as seigneurial law) implied important transfers from peasants to landlords through private taxes and...
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