For the estimation of the NAIRU´s development, the slope and the shift of the Phillips curve was applied the system of the methods which are commonly used at the international level. Main contribution of this study is to summarize methods and to compare results for selected countries in the...

This paper reviews four well--known theoretical models of private bequest behavior, notes their differing implications for public policy, and discusses a way of empirically discriminating among them. Then it implements the test with micro data from Sweden (LLS) and the U.S. (PSID). The so-called...

We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order in which they negotiate is endogenous. Holdout occurs if at least one of the sellers is not...

The authors’ theory contributes an alternative domestic politics pathway to traditional bargaining models of war termination. In bargaining models, the rational updating process that produces an overlapping bargaining space can develop a significant lag, which extends the war beyond a...

The discussion on the use of Genetically Modified (GM) crops has become a tedious issue. It seems that an amicable settlement of the conflicts between those who object the use of GM crops and want a general ban (more or less) on modification of plant and animal genetic resources on the one side,...

In most economic models of damage compensation, the indemnity is proportional to the fault and victims have to file the claim. Contrary to the tort law approach, a growing number of reparation mechanisms choose to ignore the fault (“no-fault law”) to compensate damages in their entirety. The...

We model corruption in a society as a result of bargaining for bribes between private citizens and public officials. We investigate the role that incomplete information with respect to the intrinsic moral cost of one's potential corruption partner plays out in his or her propensity to engage in...

Traditional interpretations of politics among nuclear-weapons states–as epitomized by Schellingʹs theory of deterrence through mutually-assured destruction–are less useful in todayʹs proliferation environment than they were during the Cold Warʹs superpower rivalry. As...

The statistically typical form of the board of directors in a Russian joint-stock corporation can be characterized as an open managerial supervisory body with a balanced membership of executive corporate officers and outsider directors. In reality, however, there are only a very limited number...

The paper is motivated by concerns about the depletion of traditional knowledge and recent efforts to preserve this knowledge through commercial use. The study looks at incentives that can induce companies to invest in bio-prospecting and persuade traditional communities to share their knowledge.