Concern about potential free riding in the provision of public goods has a long history. More recently, experimental economists have turned their attention to the conditions under which free riding would be expected to occur. A model of free riding is provided here which demonstrates that...

Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...

While there was no abstract for this brief paper, it clarifies for students that demand and supply slopes convey the burden of taxation discussion at least as well as does the more typical discussion employing elasticities.

The ghost towns of the American West are both intriguing historical artifacts and reflec-tions of unique economic forces at work. In this study we develop linked labor and housing market models balancing the wages, rents, and local amenities of isolated boomtown sites to better understand the...

chapter 1 Introduction -- chapter 2 The Economy and the Environment: Uncontrolled Case (Pre-Institution) -- chapter 3 The Economy and the Environment: The Case of Optimal Controls (Post-Institution) -- chapter 4 The Provision of Public Goods (Pre- and Post-Institution) -- chapter 5 The Role of...