We provide an existence proof for Generalized Marginal Cost Pricing with given tax-subsidy rules. The novelty is that our approach allows for economic environments where all the generalized marginal cost pricing equilibria are inefficient in the aggregate. An example is recalled in order to suggest how non-pathological these environments are. Journal of Economic Literature Classification Number...

An n-person game with side payments that can arise from an economic market is called a market game. It is proved here that any n-person market game can be obtained from a market with at most n I commodities. Moreover, no smaller number will suffice in some cases (e.g., the unanimity game). This result is then applied to settle a question regarding market games with a continuum of traders. Journ...

We analyse a single sector economy with H > 1 infinitely-lived agents that operate in a continuous-time framework. Utility functions are recursive but not additive. Both efficient and perfect foresight competitive equilibrium allocations are considered. The existence and stability of such allocations are investigated locally, i.e., in a neighbourhood of steady-state allocations. The model is sh...

MARK DAVID BAKER*, VIVEK VASUDEV PAI**, NANDA AJAYAN*** & CHANDRAKANT DHAMALE**** *Nurse Volunteer, Promise Nepal/Bombay Leprosy Project, Mumbai, Maharashtra, India **Director, Bombay Leprosy Project, 11, Vidnyan Bhavan, VN Purav Marg, Sion, Chunabhatti, Mumbai – 400 022, India ***Non Medical Supervisor, Bombay Leprosy Project, 11, Vidnyan Bhavan, VN Purav Marg, Sion Chunabhatti, Mumbai – 400 0...

A pale-yellowish-pigmented strain, 022-2-26(T), was isolated from a starfish, Stellaster equestris. Cells of strain 022-2-26(T) were Gram-negative short rods that were chemo-organotrophic, alkalitolerant and mesophilic. The predominant menaquinone was MK-6. The major cellular fatty acids were iso-C(15 : 0), iso-C(15 : 1), C(15 : 0), iso-C(15 : 0) 2-OH and iso-C(17 : 0) 3-OH (together representi...

Excludable and congestible shared goods club goods (e.g., internet access facilities) are more prevalent than Samuelsonian public goods. We construct an example to show that the optimal second-best provision level of a club good might exceed its ̄rst-best level. This is unlike the usual presumption with pure public goods. We argue that our ̄nding arises because user charges can be levied on clu...

The deformation behaviour of the intermetallic Al$_{2}$Cu-phase was investigated using atomistic simulations and micropillar compression, where slip on unexpected {211} {022} planes revealed. Additionally, all possible systems for phases were further evaluated a preference activation based their effective interplanar distances as well Burgers vector is proposed. distance corresponds to manually...