This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a …

Barriers to outsourcing that are being currently implemented in the US effectively tax its companies who export jobs … oligopolistic context. We find that while an outsourcing tax favors domestic workers by causing firms to switch to a greater use of … effects, which inform us about the conditions under which such a tax achieves its stated objective. Next, we consider the …

productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

face a fall in output, mark-ups and profits, and the average productivity of survivors increases. These pro …

interactions that increase productivity), possibly reinforced by localised natural advantage. To distinguish between them, we nest … larger cities left-truncates the productivity distribution whereas stronger agglomeration right-shifts and dilates the … cannot explain spatial productivity differences. This result holds across sectors, city size thresholds, establishment …

industries is highly correlated, identifiable shocks, like shocks to productivity, are far less correlated. While previous work …

We study a search model where workers can send multiple applications to high and low productivity firms. Firms that … equilibrium where workers mix between sending both applications to the high and both to the low productivity sector. Efficiency …

of such a tatonnement process for a government which wants to optimally set taxes given a tax code with a fixed number of … of economic policy, i.e. the greater the number of tax brackets. It is also typically stronger, the greater the … behavior. Finally, for a given economy and a given tax code, I define the latter?s average performance as the average value of …