competitiveness vary across sectors: while temporary employment is found to enhance productivity and profits in (labour …

This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …

the players and policies in the many distinct domestic and international markets that exist for the inputs and outputs of …

Market completeness has important implications for household behavior. I firmly reject complete markets for …

Friedman (1962) suggested that in general, unfettered markets ensure the efficient provision of goods and services …

Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare …. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact …, competitive pressure on markets may create strong incentives for unethical practices (like using child labor) to increase …

This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …