We specify and estimate a demand equation for university education in Canada that is a function of tuition fees, real disposable income per capita and other variables that capture a student’s opportunity cost. Our model has a number of novel features. We utilize application data, rather than...

The posting system used in major league baseball to obtain free agent players from Japan has some similarities and many differences from the transfer system used to obtain foreign free agents in European football. This paper uses auction theory to assess the efficiencies (or lack of) in the...

This article investigates whether a greater supply of free-agent baseball players at a particular position has any effect on negotiated salaries. A simple auction model of free-agent salaries with many bidders is developed that suggests that a greater supply of positional free-agent players...

The seminal work by Ramaswami (1968) comparing the advantages of allowing international labor inflows with those of foreign investment elicited an immediate response from Webb (1970). and subsequent elaborations by Bhagwati (1979). Calvo and Wellisz (1983), Bhagwati and Srinivasan (1983), and...

The seminal work by Ramaswami (1968) comparing the advantages of allowing international labor inflows with those of foreign investment elicited an immediate response from Webb (1970). and subsequent elaborations by Bhagwati (1979). Calvo and Wellisz (1983), Bhagwati and Srinivasan (1983), and...