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We consider a pure public goods economy with a continuum of agents. In the standard model, the optimal public good levels will generally be infinitely larger than the private good consumption levels. ...
Using microdata for adults from the 1987-2000 years of the Behavioral Risk Factor Surveillance System, I show that smoking and height-adjusted weight decline during temporary economic downturns while ...
This paper is a story of the making of a policy, one that included many different players, located across a variety of sites. By tracing the origins of the millennium biotechnology policy in ...
Using the case study of Trinidad and Tobago we investigate for an emerging economy the socioeconomic, demographic, and attitudinal characteristics that influence the propensity of ...
Many writers argue that economic organization is undergoing major transformation in the emerging knowledge economy; authority relations are withering; legal and ownership-based definitions of the ...
The emergence of a globalised knowledge economy, and the contemporary views of innovation capacity that this trend enables and informs, provides a new context in which development assistance to ...
The integration of China into the world economy has done its part to increase global imbalances. Relying on export-led growth, the country's quasixed exchange rate against the US dollar has ...
The share of fi nance in U.S. GDP displays large historical variations. Iargue, using evidence and theory, that corporate finance is a key factor behind these evolutions. Corporate demand for ...
This paper presents a model of price adjustment in replica economies with two consumer types and two goods. The model provides a trading rule that allows out-of-equilibrium trading anda ...
Which provides a better estimate of the "true" state of the U. S. economy, gross domestic product (GDP) or gross domestic income (GDI) ? Past work has assumed the difference between each estimate and ...