Jan Södersten
Harald Lang
James W. Albrecht, Bertil Holmlund and Harald Lang
This paper presents a technique for qualitative comparative statics analysis in dynamic programming models. Let the value function v be the fixed point of a contraction mapping which depends differentially on some exogenous parameter theta. Then the…
Gunnar Eliasson
This paper introduces an experimental economy with boundedly rational agents that compete with local, and largely incommunicable industrial knowledge, in an international market environment with more or less unbounded, commercial opportunities.…
Gunnar Eliasson and Thomas Lindberg.
Swedish Manufacturing Industry is said to be technologically and commercially in good shape. While Swedish wage levels were higher than in all industrial countries in the mid-70s, wages - expressed in international currencies - have now dropped to a…
Pavel Pelikan
Tomas Pousette
Anders Björklund and Bertil Holmlund
Anders Klevmarken
Working Paper No. 166 is published as "Market and Nonmarket Service Production in Swedish Households" (author: Anders Klevmarken) in Gunnar Eliasson (ed.), The Economics of Institutions and Markets, IUI Yearbook…
Lars Jagrén
Working Paper No. 165 is published as "Företagens tillväxt i ett historiskt perspektiv". In Johan Örtengren, Thomas Lindberg, Lars Jagrén, Gunnar Eliasson, Per-Olof Bjuggren and Lotta Björklund (eds.), Expansion,…
Gunnar Eliasson
Anders Björklund
Lars Oxelheim and Clas Wihlborg
Edgar L. Feige
Nils Henrik Schager
The paper contains an analysis of a firm's optimal wage and recruitment policy, when the dynamic labor supply to the firm is specified as a Poisson distributed flow of job-applicants, whose reservation wages are distributed in a fairly general way.…
Bo Axell and Harald Lang
In this article it is shown that when the effects of an increase in unemployment subsidies are studied in a general equilibrium framework, unemployment increases far less than in a "partial-partial" model, or may even decrease.
Pavel Pelikan
Anders Björklund
Gunnar Eliasson
Market competition is central to innovative activity, the diffusion process and macro-economic productivity growth. Productivity growth at all levels comes about through institutional reconfiguration in response to the ongoing market process. Stable and…
Pavel Pelikan
When studying incentives in different economic systems, traditional comparative economics focuses on comparing incentives within markets to incentives within hierarchies. Advantages of the former are treated as advantages of private enterprise, and…
Gunnar Eliasson
The modern manufacturing firm competes with product quality improvements rather than cost efficient production of simpler products. R&D spending, marketing, availability of spare parts and service facilities, customs designs, etc. embody the product…