We ask if pure profits obtained in our earlier model might be dissipated by forces excluded. We consider the possibility that the profits will be converted into land rents and usurped by landlords and conclude this will not happen. Second, we consider new firms entering to drive existing firms...

We consider Gee's model of industrial location and prove analytically that, given Gee's assumption of price discrimination, firms always wish to locate in the centres of their markets. This contrasts the result for mill-price-plus-transport-cost pricing where firm locate in the centres of...

This paper discusses some aspects of trade among unequal countries, where this inequality can be in terms of economic development or sheer size. It is argued in particular that small countries such as Canada and Mexico can benefit from establishing free trade agreements with larger countries....