Publikationer

This article presents an equilibrium model of a dual labor market. Firms are assumed to be identical ex ante, and dualism arises endogenously. The dual labor market outcome is supported by efficiency…

In this paper we describe how restricted vector autoregressions can be employed to examine the sources of macroeconomic fluctuations. We show how cointegration restrictions can be used to identify a V…

When trade is heavily restricted, a small country may show a "false" comparative disadvantage in differentiated products at an early stage in the life cycle, because firms are confined to a small dome…

A new criterion for self-enforcement is developed which requires that every player's strategy should be at least locally ptimal at each of his information sets under some probabilistic hypothesis abou…

This paper examines the problem of non-existence of a single-wage equilibrium in a simple search model with asymmetric information. A pure-strategy, symmetric Nash equilibrium fails to exist because a…