We develop theory and present a suite of theoretically consistent empirical measures to explore the extent to which market intervention inadvertently alters resource allocation in a sequentialmove principal/agent game. We showcase our approach empirically by exploring the extent to which the...

This paper derives the conditions under which fitness-reducing alleles can survive in a longrun stationary equilibrium for a trading population, extending the results in Saint-Paul (2002) for arbitrary systems of sexual reproduction

Are the provision and the extent of work-related training in the UK affected by the amount of job-to-job mobility among the work-force? Conversely, does receiving different types of work-related training make employees more or less likely to move jobs? This report examines both these questions...

This report analyses the changing economic positions of tenants in subsidised public housing. It shows how low their incomes are today, how these low incomes interact with higher rents and the housing benefit system to reduce their returns to work and looks at a number of reforms to the benefit...

Work Related training is currently at the top of the political and public policy agenda. The report looks at who gets work related training in Britain, the effect it has on the subsequent employment prospects of men and women, the wage payoffs to different types of work related training, and...

This report of the 1993 IFS Residential Conference considers the administrative issues that face the tax system in the 1990s. Speakers dealt with the implications of the move to self-assessment, the adoption of a rulings procedure, tax appeals and general anti-avoidance rules. International...

In this Commentary, the authors look at the likely effects that real year-by-year increases in road fuel duties will have on the use of cars by households and on their economic welfare, with particular attention to the distributional consequences.