A MODEL OF URBAN HOUSEHOLD BEHAVIOR WITH LEISURE CHOICE

This paper provides a complete comparative-static analysis of the simplest model of urban household behavior that incorporates time explicitly. Results involving the housing-price function and the effects on housing consumption and location (radial distance from the CBD) of exogenous changes in preferences for housing, housing price, and money costs of transportation are the same as in models not incorporating time explicitly. In addition, it is found that housing consumption and location are negatively related to commuting time, positively related to nonwage income, and ambiguously related (both a priori and empirically, for reasonable values of the relevant variables) to the wage rate.     

IDLE LAND IN GRENADA: A REVIEW OF ITS CAUSES AND THE PRG'S APPROACH TO REDUCING THE PROBLEM

A chronic feature of Caribbean agriculture is the extent to which potential arable land lies idle. Some of this region's densely populated islands have more than one-third of their farmland in such a condition. Yet their populations have relied increasingly upon imported food for sustenance. During the 1970s this paradoxical situation was exemplified by Grenada, where possibly as much as 45 per cent of its farmland lay abandoned and imported food accounted for one-third of the national import bill. This paper first surveys the underlying factors accounting for idle land in this nation and then outlines the programs pursued by the People's Revolutionary Government (PRG) to reduce waste of this basic resource and, thereby, to effect a more stable economy.
Dans la scène agraire caraibe on trouve constamment des terres dormantes qui pourraient ětre cultivées. Quelques les, des plus fortement peuplées de la région, ont plus du tiers de leurs terres ambles dans une telle condition. Toutefois, leurs habitants se fient de plus en plus sur la nourriture importée pour se soutenir. Cette situation paradoxale s'illustre par la Grenade, des années soixante-dix, où jusqu'a 45 pour-cent du terroir aurait été abandonné, en méme que la nourriture importée se payait du tiers du budget disponible pour défrayer toutes les importations requises dans ľle. Cette communication souligne ďabord les facteurs qui ont Créé cette situation en Grenade, et présente ensuite les grandes lignes des programmes adoptés, par le gouvernement révolutionnaire du peuple, pour couiger cette situation et pour diriger ľle vers une économie plus stable qu'au paravant.