Social and Behavioral Sciences Commons^™

Monopoly Supply, G. K. Kripalani, G. S. Tolley, Philip E. Graves, Robert L. Sexton

PHILIP E GRAVES

There is no abstract for this brief contribution.

Cartel Enforcement With Uncertainty About Costs, Peter Cramton, Thomas R. Palfrey

Peter Cramton

What cartel agreements are possible when firms have private information about production costs? For private cost uncertainty we characterize the set of cartel agreements that can be supported, recognizing incentive and participation constraints. If defection results in either Cournot or Bertrand competition, the incentive problem in large cartels is severe enough to prevent the cartel from achieving the monopoly outcome. However, if the cartel agreement requires less than unanimous ratification by the member firms, then the incentive problem can be overcome in large cartels. With common cost uncertainty, perfect collusion is possible in large cartels, regardless of the ratification rule.

A Note On Drinking, Driving, And Enforcement Costs, Philip E. Graves, Dwight Lee, Robert L. Sexton

PHILIP E GRAVES

There was no abstract for this brief note.

The First Great Law & Economics Movement, Herbert J. Hovenkamp

All Faculty Scholarship

Beginning in the 1880s American economists turned their attention to the law in a way unprecedented in American thought. Some legal academics in turn incorporated economics into their thinking about the law. Whether their output or its impact were great enough to warrant calling their efforts a law and economics "movement" is worth debating. This essay argues that there was such a movement.

Four things account for the increasing interest in law and economics at the turn of the century: (1) the widespread application of evolutionary models to the development of both law and economic theory; (2) the influence of …

Jevons's Applications Of Utilitarian Theory To Economic Policy, Sandra J. Peart

Jepson School of Leadership Studies articles, book chapters and other publications

The precise nature of W. S. Jevons's utilitarianism as a guiding rule for economic policy has yet to be investigated, and that will be the first issue treated in this paper. While J. A. Schumpeter, for instance, asserted that 'some of the most prominent exponents of marginal utility' (including Jevons), were 'convinced utilitarians', he did not investigate the further implications for Jevons's policy analysis.¹

A Quantitative Study Of Private Consumption Expenditure In Egypt During The Period 1960/61-1980/81, Ahmed Mohamed Atif Abdel-Ghaffar

Archived Theses and Dissertations

No abstract provided.

Distribución De La Renta En Un Modelo Sam De La Economía Española, Clemente Polo, David W. Roland-Holst, Ferran Sancho

Ferran Sancho

A methodology to study income position shifts in response to public policies is introduced and applied to Spanish data.