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Working Paper No. 451

Price Dynamics and Production Lags

The paper shows how prolonged price inertia can arise in a macroeconomic system in which there are temporary price rigidities as well as production lags in the use of intermediate goods. In this conte…
Working Paper
av Assar Lindbeck, Dennis J. Snower
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Games and Economic Behavior

Does Neutral Stability Imply Lyapunov Stability?

A central concept in evolutionary game theory is that of an evolutionarily stable strategy. However, many games of interest for economics have only strategies which meet the weaker requirement of neut…
Tidskriftsartikel
av Immanuel M. Bomze, Jörgen W. Weibull










International Journal of Industrial Organization

Reciprocal Shareholding and Takeover Deterrence

Reciprocal shareholding has been argued to increase managerial power and facilitate takeover resistance. The latter may translate into higher premiums in the event of an actual takeover, thus benefiti…
Tidskriftsartikel






Economica

Fair Wages in the Open Economy

We show how an extended theory of fair wages can be incorporated in the two-by-two Heckscher-Ohlin model. An important feature of the model is the existence of involuntary unemployment. Several result…
Tidskriftsartikel
av Jonas Agell, Per Lundborg