On the eve of Ukraine’s last several elections (2004 presidential, 2006 and 2007 parliamentary), observers typically described elections in breathtaking terms: “decisive,” “crucial,” “the final battle.” However, this year’s presidential election confirms the truism that if a democratic order is in place, nothing in politics is final: every decisive election is followed by another just as decisi...

In recent years there has been a growing interest in macro models with heterogeneity in information and complementarity in actions. These models deliver promising positive properties, such as heightened inertia and volatility. But they also raise important normative questions, such as whether the heightened inertia and volatility are socially undesirable, whether there is room for policies that...

IQS Department University of Baltimore 1420 N. Charles Street Baltimore, MD 21201 *Tel #: (410) 837-5275 FAX #: (410) 837-5722 *[email protected] Rajesh M irani Many organizations are consolidating their data, models and information resources to create an organization-wide system, called organizational decision Support system (ODSS). This paper discusses issues related to ODSSs and the...

The new trade theory, which emerged in the early 1980s, emphasised economies of scale and market failures as driving forces behind international trade. As opposed to the earlier theory, which mainly assumed perfect competition, the new trade theory provided a rationale for industrial policy. This article shows how industrial policy targeting specific firms or industries may be socially desirabl...

Many analysts believe that adverse climate changes in the form of global warming are— or soon will be—under way as the result of anthropogenic emissions of greenhouse gases. (See the box entitled “What Is Global Warming?”) The largest such source of these gases is carbon dioxide (CO2) resulting from the growing consumption of fossil fuels (petroleum products, natural gas, and coal). Consequentl...

OBJECTIVE We examined whether the supply routes via which New Zealand adolescents aged 14-15 years accessed tobacco had changed during a period of dynamic policy activity. SETTING We analysed data from seven consecutive years (2006-2012) of the New Zealand Action on Smoking and Health (ASH) Year 10 survey, a nationwide cross-sectional annual survey. PARTICIPANTS All New Zealand schools teac...

This paper extends the Pissarides (2000) model of the labor market to include crime and punishment à la Becker (1968). The model is used to study, analytically and quantitatively, the effects of various labor market and crime policies. For instance, a more generous unemployment insurance system reduces the crime rate of the unemployed but its effect on the crime rate of the employed depends on ...

The first policy implication of the diffusion of a Market-Driven Management approach is the same as the spreading of globalization, i.e. the obsolescence of industrial policies as traditionally designed and managed by Nation-States with the established toolbox of protectionism and subsidies, picking ‘national champions’, etc. The growing asymmetry between the physical jurisdiction of political ...