Calvó-Armengol, Antoni; Verdier, Thierry; Zenou, Yves - C.E.P.R. Discussion Papers - 2006
as dyads. There are multiple equilibria. If jobs are badly paid and/or crime is profitable, unemployment benefits have to … activities. If, instead, jobs are well paid and/or crime is not profitable, unemployment benefits have to be high enough to … and labour. We consider a dynamic model in which individuals belong to mutually exclusive two-person groups, referred to …