The paper introduces the concept of a firm's normal employment level as a weighted average of past employment levels and it analyzes the impact of an incentive scheme in which a firm receives a reward (or pays a penalty) when it deviates above (below) its normal employment level. The result is...

This paper surveys the development of the theory of endogenous growth, with special emphasis on models that deal with the interactions between trade and growth. A unified framework is presented and is shown to contain many models as special cases. International factor mobility is also dealt with...

The paper introduces the concept of a firm's normal employment level as a weighted average of past employment levels and it analyzes the impact of an incentive scheme in which a firm receives a reward (or pays a penalty) when it deviates above (below) its normal employment level. The result is...