Bubbles are recurrent events, which contribute to both macroeconomic and employment volatility. We introduce stochastic … bubbles in the standard search-and matching model of the labor market. The economy alternates between latent and bubbly states …, each being associated with a distinct solution for the market value of firms (respectively, stable or explosive). Bubbles …

: competition, business environment, learning spillovers and human capital. Collectively, these drivers account for about a third of …

such differences are driven by different attitudes towards competition. In our experiment subjects choose between a … social norms whose nature and origin we discuss. -- competition ; tournament ; piece rate ; gender ; risk-aversion ; relative …

review, and interjurisdictional competition as well as the implications of union decline. Our analysis should help dispel any …

religion. The "New Paradigm" views separation of Church and State, leading to competition in the religious marketplace, as …. Judaism in Israel illustrates the outcome in a monopoly experiencing potential competition, possibly leading to an oligopoly … structure. -- religion ; religious marketplace ; new paradigm ; monopoly ; competition ; Judaism …