This paper surveys the literature concerning the operation of incentive mechanisms within and across higher education institutions. A principal-agent model of intra-institution resource allocation is developed, and its implications are compared with some of the resource allocation models...

This paper develops a two-equation model of the regional labor market in which wage inflation and unemployment rates are jointly endogenous variables. The model is tested on annual data for the ten standard regions of Great Britain over the 1971-85 period. In addition, an exploratory analysis of...