Introduction 15 The basic model 16 The Pareto production gains from forward contracting 18
The evolution of futures trading 20 Some initial implications 23 Gains from futures trading 24 …

In this paper, we apply the mesoeconomic approach to examine the efficiency wage
hypothesis. With the traditional formulation of the efficiency wage hypothesis, we show that …

This volume provides new analysis and evidence on three major themes in the economics of
futures markets. The issues selected for discussion are, first, the gains from futures trading …

This paper considers issues relating to alcohol addiction from an economic perspective.
While alcohol consun: q) tion may be associated with dependency, it is not clear how …

Critics have pointed to the poor performance of traditional economic models in for.~ casting
exchange rates, and have drawn attention to perceived shortcomings of these models, such …

Historians of economic thought have argued for decades over whether the" environment"
determines the development and dissemination of economic theories. A related question …

Asia-Pacific Economic Cooperation (APEC), which now has 18 members, was set up in
1989 to promote regional economic cooperation and trade liberalisation. The 1994 APEC …

Using a 1983 social accounting matrix, we develop a computable general equilibrium model
of energy-economy interactions in Pakistan (GE-PAK). The model is applied to evaluate …