1. Eliakim Katz, Ph.D. (London)
ekatz@jkeconomics.com
905 597 8055
DEGREES B.Sc. (Econ.), London University, 1969
M.Sc. (Econ.), London University, 1970
Ph.D., London University, 1976
PREVIOUS POSITIONS York University, London University, Bar-Ilan University,
Harvard University (Visiting Scholar).
SHORT-TERM POSITIONS University of British Columbia, University of Toronto,
University of Alberta, International Monetary Fund.
CONSULTING EXPERIENCE Author of almost two thousand economic loss reports and
other economic reports. Recognized as expert witness in
economics by Ontario and Illinois Courts.
TEACHING EXPERIENCE Undergraduate:
Finance, Microeconomics, Statistics, Economics and Politics,
Industrial Organization, Socioeconomics, Law and
Economics, Socioeconomics, Labour Economics, Game
Theory.
Postgraduate: Derivative Securities, Corporate Finance,
Law and Economics, Labour Economics, Socioeconomics,
Economics and Politics
Supervisor and Committee member of several PhD
dissertations
RECENT RECOGNITION
2012 – 2014: Visiting professor In Law and Economics, Center for Law and Economics,
Department of Economics, Bar Ilan University, Ramat Gan, Israel
2013: - Asked by the Canadian Bar Association to provide a submission to the Chief Justice of the
Supreme Court of British Columbia concerning choice of discount rates to be used to calculate present
values of future income losses and costs of care.

2. SELECTED REFEREED PUBLICATIONS
“ The Right to Return: The Biblical Law of Theft” in The Oxford Handbook of Judaism and Economics,
Edited by Aaron Levine, Oxford University Press, 2010.
"Immigration Amnesties," Stephen H. Karlson and EliakimKatz, Applied Economics, 2010, Volume 42,
Issue 18, 2299-2315.
“Donating behavior:if time is money, which to give? A preliminary analysis," Femida Handy and Eliakim
Katz, Journal of Economic Studies, 2008, Vol. 35, No. 4 pp. 323-332.
“Political extremism in the presence of a free rider problem, Elie Appelbaum and Eliakim Katz, Public
Choice , 2007, Volume 133, Numbers 1-2, 31-40
An economic interpretation of institutional volunteering, Eliakim Katz and Jacob Rosenberg,, European
Journal of Political Economy, 2005, Volume 21, Issue 2, Pages 429-443
“On human capital formation with exit options,” EliakimKatz and Hillel Rapoport,Journal of Population
Economics, 2005, 2 (06), 267-274
“Reward Offered, No Questions Asked: An Analysis of Rewarded Theft, Eliakim Katz and Jacob
Rosenberg, , Economica, Vol . 71, No. 283, pp. 501-506, August 2004
“TransportCosts and the Separation between Output and Allocation Decisions,” 2003, Oxford Economic
Papers, (with A. Dalal).
“A Theory of Immigration Amnesties,” Economics Letters, 2003 (with S.H. Karlson).
“Property Rights, Theft, Amnesty and Efficiency,” European Journal of Law and Economics, 2003,
(with J. Rosenberg).
“Loadingfactors and Equilibriain Insurance Markets,” Journal of Insurance Issues, 2002,(with Y. Eden
and J. Rosenberg)
“Managing the Risk of Relative Price Changes by Splitting Index Linked Bonds,” Journal of Risk, 2001
(with A. Aziz and E. Prisman
‘An Alternative Interpretation of the Fair Wage Hypothesis,” Economics Letters, (with Carl
Campbell), 2001.
`Some implications of corporate taxation for rent seeking activity= Public Choice, 2000, (with J.
Rosenberg).
Getting More by Paying Less: Wage Rates in Not-for-profit Institutions= Journal of
Comparative Economic, 1998 (with F. Handy).
`Tax Arbitrage in Government Bonds: A Suggested Methodology with Policy Implications,'
1997, Journal of Banking and Finance, (with E. Prisman).

3. 'Corporate Taxation, Incumbency Advantage and Entry,' European Economic Review,
1996, (with E. Appelbaum).
'Wage Secrecy as a Social Convention,' Economic Inquiry, 1996, (with L. Danziger).
'Group Competition for Rents,' European Journal of Political Economy, 1996, (with J.
Tokatlidu).
'Negative Intergroup Externalities and Market Demand' Economica, 1996, (with U. Spiegel).
'A Theoryof Sex Discrimination,' 1996, Journal of Economic Behavior and Organization, (with
L. Danziger).
'Support in the Guise of Criticism: Extraneous Observations and the Katz-RosenbergMeasure of
Rent Seeking,' Public Choice, 1994, (with J. Rosenberg), 363B366.
'More on Measuring Budget Related Rent Seeking,' Public Choice, 1993, (with J. Rosenberg),
187B191.
'Arbitrage, Clientele Effects and the Term Structure of Interest Rates,' Journal of Financial and
Quantitative Analysis, 1991, (with E.Z. Prisman), 435B443
'The Demand for Children in the Absence of Capital and Risk Markets: A Portfolio Approach,'
1991, Oxford Economic Papers, (with E. Appelbaum), 292B304
'Investment in General Training: The Role of Information and Labour Mobility,' Economic
Journal, 1990, (with A. Ziderman), 1147B1158. To be reprinted in The Economics of Training
edited by Ashenfelter and Lalonde, Edward Elgar Ltd. Also to be reprinted in The Economics
of Communication and Information edited by D. Lamberton, Edward Elgar Ltd.
'Rent Seeking Versus Flexibility,' Public Choice, 1990, (with J.B. Smith), 67B77.
'The Price Discriminating Monopolist and the Social Cost of Rent Seeking,' Public Choice, 1990,
(with N. Kahana), 93--100.
'Rent Seeking for a Pure Public Good,' Public Choice, 1990, (with S. Nitzan and J. Rosenberg),
49-60. (Highest citation ranking of all articles published in Public Choice, 1990-1994.)
'Using Rent-Seeking Concepts to Adjust Measures of GNP: An International Comparison,'
Public Choice, 1989, (with J. Rosenberg).
'Rent Seeking and the Economics of Second Best,' Public Choice, 1989, (with M. Anam),
215B224.

4. 'Rent Seeking and Optimal Regulation in Replenishable Resource Industries,' Public Choice,
1989, (with J.B. Smith), 25B36.
'A Diagrammatic Analysis of Migration in the Presence of Asymmetric Information,' European
Economic Review, 1989, (with O. Stark).
'Taxation and Portfolio Choice,' Economics Letters, 1988, (with E. Appelbaum).
'Asymmetric Taxation and the Theory of the Competitive Firm Under Uncertainty,' Canadian
Journal of Economics, 1988, (with E. Appelbaum).
'Migration, Information and the Costs and Benefits of Signalling,' Regional Science and Urban
Economics, 1988, (with O. Stark).
'International Migration in the Presence of Asymmetric Information,' Economic Journal, 1987,
(with O. Stark).
'Hierarchical Structure and the Social Costs of Bribes and Transfers,' Journal of Public
Economics, 1987, (with A.L. Hillman). Reprinted in The Economics of Corruption and Illegal
Markets, edited by Gianluca Fiorentini and Stephano Zamagni, Edward Elgar, Cheltenham UK
1999.
'Workers as Insurance: The Effects of Anticipation of a Government Bail-Out on Factor
Demand,' Oxford Economic Papers, 1988, (with A.L. Hillman and J. Rosenberg).
'Seeking Rents by Setting Rents: The Political Economy of Rent Seeking,' Economic Journal,
1987, (with E. Appelbaum), 685B699.
'The Remuneration Package and Pareto Inefficiencyin the Labour Market,' European Economic
Review, 1986, (with U. Spiegel and A. Ziderman).
'Measures of Risk Aversion and Comparative Statics of IndustryEquilibria,' American Economic
Review, 1986, (with E. Appelbaum).
'Domestic Uncertainty and the Propensity of Firms to Dump in Foreign Markets,' Canadian
Journal of Economics, 1986, (with A.L. Hillman), 403B416.
'Labour MobilityUnder Asymmetric Information with Movingand SignallingCosts,' Economics
Letters, 1986, (with O. Stark).
'Rural to Urban Migration in LDCs in the Presence of Risk Aversion,' Journal of Labour
Economics, 1986, (with O. Stark).

5. 'On the Shadow Wage of Urban Jobs in LDC's' Journal of Urban Economics, 1986, (with O.
Stark).
'Transfer Seeking, Transfer Avoidance, and the Social Cost of Rent Seeking Activity,' Public
Choice, 1986, (with E. Appelbaum), 175B181.
'Migration, Fertility, and Remittances in LDC's,' World Development, 1986, (with O. Stark).
'Rent Seeking and Entry,' Economics Letters, 20, 1986, (with E. Appelbaum).
'The Optimal Location of the Competitive Firm Under Price Uncertainty,' Journal of Urban
Economics, July 1984.
'Risk Averse Rent Seekers and the Social Cost of Monopoly Power,' Economic Journal, March
1984, (with A.L. Hillman). Reprinted in The Political economy of rent-seeking edited by
Charles K. Rowley, Robert D. Tollison, Gordon Tullock, Kluwer Academic Publishers, Boston,
1988.
'On Variability Under Certainty,' European Economic Review, 1984.
'A Rule for Signing the Effect of Uncertainty on an Optimization Problem with Two Control
Variables,' Journal of Economic Dynamics and Control, 1984.
'Oil Price Instability and Domestic Energy Substitution for Imported Oil,' Economic Record,
March 1984, (with A.L. Hillman).
'Migration and Asymmetric Information: Comment,' American Economic Review, June 1984,
(with O. Stark).
'The Firm and Price Hedging in an Imperfect Market,' International Economic Review, February
1984.
'Price Uncertainty and the Price Discriminating Firm in International Trade,' International
Economic Review, June 1983, (with J. Paroush and N. Kahana).
'Transport Rate Uncertaintyand the Optimal Location of the Firm,' Journal of Regional Science,
November 1983, (with G. Alperowich).
'Wealth, Rank, Risk Aversion and the Friedman Savage UtilityFunction,' Australian Economic
Papers, December 1983.
'Relative Risk Aversion in Comparative Statics,' American Economic Review, June 1983, and
'Relative Risk Aversion in Comparative Statics: Reply,' American Economic Review, March
1985.

6. 'Inflation Variability, Real Wage Variabilityand Production Efficiency,' Economica, November
1983, (with J. Rosenberg).
'Market Constraints as a Rationale for the Friedman-Savage Utility Function,' Journal of
Political Economy, August 1981, (with E. Appelbaum).
'A Note on a Comparative Statics Theorem for Choice Under Risk,' Journal of Economic Theory,
October 1981.
'On Price Discrimination and the Labour Co-operative,' Economic Letters, 1980, (with Z.M.
Berrebi).
'The Effect of Forward Markets on ExportingFirms,' Economics Letters, 1979, (with J. Paroush).
'On Education, Screening and Human Capital,' Economics Letters, 1980, (with A. Ziderman).
'Money, Saving and Portfolio Choice Under Uncertainty,' American Economic Review, June
1978, (with A.H. Vanags).
'Interest Rates, Expectations and Exchange Rate Stability,' Economic Journal, June 1975.

7. OTHER REFEREED PUBLICATIONS
'The Effect of Tax Asymmetry on Labour Co-operative,' Journal of Comparative Economics,
1990, (with N. Kahana).
'Information, Non Wage Benefits and Self-Selection byLabour,' Australian Economics Papers,
1990, (with A. Ziderman).
'A Theory of Incremental Wage Scales,' Applied Economics, 1989, (with A. Ziderman).
'Firms' Involvement in Exports and Liquidity Preference: Some Empirical Results,' Empirical
Economics, 1988, (with J. Rosenberg and B. Zilberfarb).
'The Location Decision and Employment Suburbanization,' Urban Studies, 1988, (with G.
Alperovich).
'A Diagrammatic Illustration of the Labour Co-operative,' The American Economist, 1988.
'The Rent Gradient under Uncertainty,' Urban Studies, (with G. Alperovich).
'Desired Migration and Fertility: Signing the Connection,' Proceedings of the Florence 1985
General Conference. Liege: International Union for the Scientific Study of Population, 1985,
(with O. Stark).
'Excise Taxes, Import Restrictions, and the Allocation of Time to Illegal Income-Earning
Activity,' International Review of Law and Economics, December 1984, (with A.L. Hillman).
'Royalty vs Partnership Agreement in the Creative Arts,' Atlantic Economic Journal, July1984,
(with J. Paroush).
'The Role of Risk Aversion under Certainty,' Atlantic Economic Journal, July 1983, (with J.
Paroush).
'MoneySupply Turbulence and Exchange Rate Turbulence: Some Empirical Results,' Journal of
Macro-Economics, Fall 1982.
'A Reconsideration of the Implications of Capital Mobility for the Efficacy of Fiscal and
Monetary Policies under Flexible Exchange Rates,' Economia Internationale, February 1982.
'The Failure of Psychic Income as a Source of Market Failure,' Journal of Post-Keynesian
Economics, Summer 1982, (with M. Syrquin).
'On the Stabilizing Effects of Taxation,' Public Finance, 1981, II, (with B. Zilberfarb).
'Interest Rates as Predictors of Inflation in Small Economies: Some Empirical Results,' Empirical

8. Economics, 1981.
'Portfolio Choice with Imperfect Capital Markets,' Journal of Economic Studies, December 1980,
(with E. Appelbaum).
'A Reconsideration of the Balanced Budget Multiplier,' Journal of Macro-Economics, Sept.
1979, (with D.A. Currie).
'Some Monetary Implication of International Transfers,' The Manchester School, December
1978, (with D.A. Currie).
'Amortization Funds and the Financing of Investment in a Growing Economy,' Applied
Economics, Sept. 1978.
'A Note on Bond Finance, Perfect Capital Mobility and Stability,' Oxford Economic Papers,
March 1977.
'Financial Targets and X-Efficiencyin Public Enterprises,' Public Finance, 2, 1976, (with H.S.E.
Gravelle).
'Public Sector Pricing with Foreign Demand,' Applied Economics, Sept. 1976, (with M.H. Peston
and H.S.E. Gravelle).