Recently, Batabyal and Beladi (2009) have constructed a metric of the expected total monetary damage from the unintentional introduction of invasive species into a country called Home. In this note, we extend this line of inquiry by analyzing the statistical properties of this total monetary...

In this note, we analyze two hitherto unstudied questions from the perspective of an automobile dealer that uses a particular temporal decision rule to provide loaner vehicles to customers who come to its facility with automobile repair requests. First, on the assumption that the basic criterion...

We study how tax policy affects the competition for venture capital by the creative class in two regions A and B. The creative class in each region produces a final good with venture capital and creative capital. Venture capital moves freely between the two regions and the representative...

We focus on a poor region and study the nexuses between health interventions undertaken by a regional authority (RA) and this region’s Holling resilience in the presence of a pandemic such as Covid-19. First, we show how a health intervention by the RA probabilistically affects an...

We study the effects of trade in knowledge and ordinary goods on the income and welfare gap between a leading and a lagging region. Knowledge goods are invented and produced in the leading region only. In contrast, ordinary goods can be produced in both regions. Our analysis sheds light on four...

A lacuna in the extant literature and our desire to contribute to the theoretical literature on how tax/subsidy policies can be used by regions to attract the creative class together provide the motivation for this paper. The paper’s basic contribution is that it is the first to theoretically...

We use a theoretical political-economy model with three cities and analyze three questions. First, should police in these cities have access to contentious crime fighting technologies such as facial recognition software? We describe a condition involving benefit, cost, and spatial spillover...

We analyze a stylized creative region’s economy. There are two goods (consumption and creative capital) and creative class members differ in their income generating abilities. The distribution of abilities in the creative class population is such that the median ability is less than the...

A lacuna in the extant literature and our desire to contribute to the theoretical literature on how tax/subsidy policies can be used by regions to attract the creative class together provide the motivation for this paper. The paper’s basic contribution is that it is the first to theoretically...