This paper derives the Nash-equilibrium degrees of commitment to a partnership where lack of full commitment fuels suspicion and increases potential losses for partners.

This paper employs annual time series data (1960-2003) and the ZA (Zivot and Andrews, 1992) and the LP (Lumsdaine and Papell, 1997) approaches to determine endogenously the more likely time of major structural breaks in various macroeconomic variables of the Iranian economy. We have considered...

This paper employs quarterly time series data to endogenously determine the timing of structural breaks for various macroeconomic variables in Korean economy. The Innovational Outlier (IO) as well as Additive Outlier models (Perron, 1997) are then used to test for non-stationarity of the Korean...

During the 1960s and early 1970s the Lebanese economy was characterized by low inflation, high growth, sizeable balance of payments surpluses and small public sector deficits, which made it a highly attractive business centre. During this period the country was described as the Switzerland or...

Australian unionism built upon strong foundations transported from Britain. Subsequently it grew beyond this base inscope and form. By 1890 the level of unionisation of the colonial workforce exceeded that in the mother country. This was mainly due to the upsurge of new unionism in the late...

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The dramatic rise of the Australian Labor Party (ALP) as the single largest electoral force in the country between 1890 and 1910 has traditionally been associated with the mobilisation of the votes of the urban and mining working class. However, this paper argues that, in fact, the ALP relied...