“...A simple N-country specific-factor-type model with imperfectly mobile labour is developed. It is shown that the effects of country-specific productivity shocks...”

“...This paper offers a short survey of recent contributions about the information-aggregation role of political institutions. We argue that these recent...”

“...Flow of funds data are used to compare methods of finance in 5 countries over the period 1970 to 1985. Many of the problems associated with previous studies...”

“...Externalities caused by human capital accumulation have taken up considerable space in theoretical work on economic growth. However, less attention has been...”

“...This paper examines the impact of a binding minimum wage in a situation where unions dominated by skilled workers set wages. It is shown that the relationship...”

“...Many, if not all, of the recent theories of decision making under risk, that have been developed in the light of experimentally observed violations of Expected...”

“...This paper describes some characteristics of a dysfunctional legal system, and then proposes some reforms of the legal rules that would encourage private...”

“...This paper investigates the impact of fluctuations in the return to human capital on the composition of international asset portfolios. We adopt a...”

“...A game is analysed in which a foreign multinational chooses between direct investment in, and exporting to, the host country, while a domestically based...”

“...This paper reconsiders the conventional political economy view that: 1. (1) more unequal societies tend to make more redistribution and 2. (2) more...”