Government subsidy of critical-need occupations: the case of nurses.

This paper undertakes an econometric evaluation of governmental policies aimed at increasing the labor force supply of nurses and at effecting greater hospital substitution among auxilliary health personnel, in times of nurse shortage. The methodology is to employ a simultaneous equation, multi-nurse econometric model which is estimated by a three-stage least-squares procedure incorporating use of logit transformation to deal with limited dependent variables and use of weighted least squares to deal with heteroskedasticity.     

Pricing rules in a mixed economy: an expanded example

Conclusion The purposes of this paper are two-fold. First, to establish the conditions under which piecemeal welfare policy is still useful. Second, to demonstate a method which can be used to remove the outstanding problem that arises in attempts to apply the General Theory of the Second Best. In both cases, policy-makers can turn to the real-world data on prices, quantities, and incomes.The authors demonstrate how the data can be related back to the form of the utility function. If the underlying utility function is found to have a certain property (in particular, if it is additive), then piecemeal welfare policy is appropriate, and definitive pricing rules for nationalized industries are established. Policy-makers are shown how economic theory and data can be combined to resolve puzzling problems. The general principles developed in this paper can be applied to a wide range of other policy problems.     

Different Paths to Neo-Liberalism? Comparing Australia and New Zealand

Australia and New Zealand are best known for their systems of industrial relations based on compulsory arbitration. However, recent years have seen trends in both countries toward neo-liberalism—trends that represent the end of compulsory arbitration. This paper traces the path taken toward neo-liberalism, the speed of the journey, and the destination reached in both countries. In attempting to explain the differences between them, it is institutional factors—industrial and political—that are given highest priority.     

EFFECT OF ASSEMBLY COSTS ON OPTIMUM GRAIN ELEVATOR SIZE AND LOCATION

This paper considers simultaneously the effect of assembly costs and economies of scale on optimum size and location of grain elevators. When assembly factors (transportation costs and grain sales density) are included, optimum elevator size may be as little as 25 to 50 per cent of the size when in-plant costs only are considered. These results are important to all parts of Canada's grain industry, but especially relevant in view of the importance currently associated with efficient grain assembly and in view of the significance of farmer cooperatives in Canadian grain assembly and storage.
EFFETS DU COUT DE RASSEMBLEMENT RELATIF A LA GRANDEUR OPTIMUM ET LA SITUATION GEOGRAPHIQUE ďELEVATEUR. - ľétude considère simultanément ľeffet du coût de rassemblement et des économies àľéchelle optimum et ľemplacement, des élévateurs. Quand le cout du transport et la concentration de ventes de graines est inclu, la grandeur optimum des élévateurs peut étre réduit de 25 à 50 p. 100 de la grandeur basé sur le coût ďusine seul Ces résultats ont une importance pour ľindustrie des graines dans tout le Canada mais plus spécialement à cause de ľimportance couramment attachéàľefficacité du rassemblement des graines et la position primordiale des coopératives rurales dans la tâche de rassemblement et de ľentreposage des graines.     

POLLUTION AND RESOURCE ALLOCATION*

Our economic perspective of the pollution problem characterizes that problem as involving a conflict between the consumption of two broad classes of goods–physical (or produced) commodities and the direct consumption of 'clean environment'. After considering the relative merits of market and political decision-making processes used to achieve appropriate social choices between the consumption of physical goods and 'clean environment', we focus on the alternative policy options for pollution control. The main conclusion we reach is that, in general, fiscal instruments (taxes and subsidies) are a more efficient means of controlling pollution than the widespread use of regulations or other legal instruments.