In smooth exchange economies with a continuum of agents, any Walrasian mechanism is Pareto efficient, individually rational, anonymous, and strategy-proof. Barberà and Jackson’s recent results imply that no such efficient mechanism is the limit of resource-balanced, individually rational, anonymous and non-bossy strategy-proof allocation mechanisms for an expanding sequence of finite economies....

Noncognitive Abilities and Within-Group Wage Inequality This paper argues that endogenous restructuring processes within firms towards productivityenhancing human resource activities, triggered by advances in information and communication technologies (ICT) and rising supply of educated workers, are typically associated with higher demand for noncognitive abilities. Consistent with the evolutio...

Effort-biased technological change and other explanations for work intensification are investigated. It is hypothesised that technological and organizational changes are one important source of work intensification and supportive evidence is found using establishment data for Britain in the 1990s. Work intensification has also been stimulated by the use of highcommitment human resource policies...

The paper presents a model of educational production which tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government chooses educational spending to maximize its net benefits. In the jointly determined equilibrium, school...

This paper constructs a dynamic game model to address the following groundwater management problem, where quantity and quality of the water are taken into account. A group of farmers overexploits a groundwater stock and causes excessive pollution. A water agency wishes to regulate the farmers' activity, in order to reach a minimum level of quantity and quality but is subject to a budget constra...

The most common method that materials managers use for classifying inventory items for planning and control purposes is the annual-dollar-usage ranking method (ABC classification). Recently, it has been suggested that multiple criteria ABC classification can provide a more comprehensive managerial approach, allowing consideration of other criteria such as lead time and criticality. This paper p...

Time and budget constraints have precluded the use of conventional mapping techniques for the U.S. Bureau of Land Management to produce a comprehensive resource inventory of the California deserts region as mandated by the California Desert Conservation Act. A Landsat mosaic at full resolution for ten scenes over the California deserts region was used to provide a continuous data base for mUlti...

Under the Resource Management Act (1991) water managers are required to promote the sustainable management of natural resources, which involves safeguarding the life supporting capacity of water and ecosystems. To help water managers give practical effect to the concept of life supporting capacity, the Ministry for the Environment (MfE) and a number of regional councils are working collaborativ...

Resource-rich countries have tended to be autocratic and also have tended to use their resource wealth badly. The neoconservative agenda of promoting democratization in resource-rich countries thus offers the hopeful prospect of a better use of their economic opportunities. This paper examines whether the effect of democracy on economic performance is distinctive in resource-rich societies. We ...