This paper uses efficiency wage theory and the existence of community-based sharing to hypothesize that labor markets in developing countries have multiple equilibria—the same economy can be stuck at different levels of unemployment with different levels of wages. The model is meant for...

The utility from some commodities depends on the allocation rule used to distribute them because, by the acquisition of such a commodity, a person tries to gain "association" with its other recipients. Such a commodity is called an association good and it is shown that its existence can...

In standard models in economics, indi viduals interact pairwise. Allowing for "triadic" relations explains concepts like power and influence, which have been considered in economics only periphera lly. This paper constructs three illustrations of power, all relying on triadic relations. The...