busy for most of the twentieth century. Policy after policy has been tried, rejected, then tried again in an attempt to solve the farm income problem. Ever since the New Deal, we have had price supports for many farm products. Since the Kennedy years, we have added direct payments to the relatively low price supports. All the while, supply control has been a part of most farm bills. None of thi...

We study the optimal strategic behaviour of the target of a business acquisition where the acquirer is afraid that the former may returns to the market after the sale, and therefore uses a non-competition covenant which protects her (new) business against the future competition from the target. Yet, as the target can return to the market any time after the covenant expiry date, the value of the...

This chapter is an introduction to the economics of the connection between urban transportation and land use. The nature of the transportation system strongly influences the patterns of land use in an urban area. Indeed, the long-run histories of urban areas sometimes are identified with the dominant mode of transportation of the time; the age of rail, the age of the automobile, and so on. Supp...

Please and Ch Summary. — Regarding scholarship on the political determinants of inequality, little attention has been paid to policy implementation. We examine the 2004 Chilean health reforms that sought to regulate private insurers, and measure their effects on gender and age inequality. We find that reforms intended to decrease these inequalities largely failed. Analysis of this failure demon...

To what extent is cognition affected by culture? And how might cognitive science profit from an intensified collaboration with anthropology in exploring this issue? In order to answer these questions, we will first give a brief description of different perspectives on cognition, one that prevails in most cognitive sciences - particularly in cognitive psychology - and one in anthropology. Three ...

Modern resource management faces trade-offs in the provision of various ecosystem goods and services to humanity. For fisheries management to develop into an ecosystem-based approach, the goal is not only to maximize economic profits, but to consider equally important conservation and social equity goals. We introduce such a triple-bottom line approach to the management of multi-species fisheri...

We provide an alternative theory of divestiture that relies on product-line complementarities and product market competition. We show that in equilibrium competing conglomerates with complementary product lines have incentives to divest and that such divestitures increase both the prices of all the products and the profits of the parent firms, but reduce total surplus. We further show that if t...

Strategic interactions between two-sided platforms depend not only on whether their decision variables are strategic complements or substitutes as for one-sided firms, but also -and crucially soon whether or not the platforms subsidize one side of the market in equilibrium. For example, with prices being strategic complements across platforms, we show that a cost-reducing investment by one firm...

The demand for gasoline follows a seasonal cycle in Sweden. The paper investigates the response in prices and profits over the cycle. In contrast to what has been found for the gasoline market in the United States I find no support for seasonal price changes compatible with the recently developed theories for cyclical variations of intensity of competition. Some possible explanations for this d...

founded in 1970 as the Canadian Environmental Law Research Foundation. It is an independent, not-for profit, environmental law and policy research and education organization. Over the last 15 years, CIELAP has been involved extensively in environmental law and policy development related to biotechnology. In 1984, CIELAP organized the first conference in Canada on environmental law and policy is...