lead to a unique equilibrium path where external enforcement remains weak and individual values discourage cooperation. …

a positive relationship between wage and tenure. It is shown that the standard model does not in fact predict such a …

need not reflect the `true' relationship between earnings and tenure. In this paper we argue that the observation of the …. Under certain assumptions, this information can be used to construct an unbiased estimator of the effects of tenure on … earnings growth. We apply this simple idea to Japanese and UK data. We find that tenure effects on earnings are positive but …

anecdotal. In this Paper we adopt the methodology of the micro-econometric labour literature to estimate the returns to tenure …

and consumption go down as well. Governments can offset terror by putting tax revenues into the production of security …

We examine a stark setting in which security or protection can be provided by self-governing groups of by for …-term viability. Typically, in providing security the stable market structure involves competing lords, a condition that leads to a …

What is the impact of terrorism on trade through higher security at the borders? We set up a theory which shows that … terrorism acts and make security measures more costly for total welfare. In order to identify the true impact of terrorism, our … current security measures at the borders. Our tests suggest that terrorist incidents have a small effect on US imports on …