In the presence of frictions, markets often (but not always) do not generate the socially efficient outcome. However, asymmetric information between the private and public sector prevents the government from designing efficient policies. In both labor and public economics advances have been made...

Labour market policies are imperative to the further preservation and development of our welfare states. However it is clear that current labour market policies are not capable of dealing adequately with the challenges resulting from two major trends: the internationalisation of the economy and...