The effects of city size and moving costs on public project benefits

This paper uses a simulation model to investigate the benefits of an urban public project when the size of the system of cities (or regions) in which migration occurs can vary and when moving costs impede migration. The model captures the range of possibilities between the perfectly open and closed city cases. We find that the total number of households migrating between cities declines sharply as moving costs rise. Also the level and distribution of project benefits between renters and landowners in the project city and other cities is sensitive to both the level of moving costs and the size of the urban system. The total benefits of the project fall by half or more when moving costs are introduced, even when moving costs themselves are netted out.     

Individuality and the economic order in Hegel's Philosophy of Right

This paper examines Hegel's perspective on the market economy, paying particular attention to how the market fits into his conception of freedom. Hegel's doctrine of freedom implies that market relations realize a distinctive form of freedom; however, due to the ontological deficiencies of this freedom, it must be subsumed under a superior freedom that is realized only within the state. The paper also explains why Hegel, although an economic liberal, does not accept the basic tenets of political liberalism, and why he does not regard economic science as a tool for public policy.     

HERD INVENTORY AND SLAUGHTER SUPPLY RESPONSE OF BOTSWANA BEEF CATTLE PRODUCERS

A statistical model composed of rational distributed lags was used to estimate cattle inventory and cattle slaughter in the livestock sector of the Republic of Botswana. The impact of range and biological conditions, government infrastructure, technology, and cattle prices were tested in the initial maintained hypotheses. Results revealed that a polynomial rational lag structure, or cyclical effect, characterised the behaviour of herd inventories specific to changes in cattle prices. Contemporaneous decisions to market slaughter cattle were affected by the long-term cycle as well as the more direct influence of slaughter prices and range conditions within a one to two year period. The responsiveness of these sectors to changes in cattle prices is qualified within the biological and climatic constraints, and customs of the tribal and commercial cattle producing economies. It appears that the significance of the price-elasticities stands in contrast to the findings of other studies.