As Iran continues its apparent pursuit of a nuclear weapons breakout capability and North Korea resists efforts to roll back its proliferation, policy makers in Washington eager to prevent further proliferation in both regions regard security guarantees to allies as crucial tools. But recent...

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...

Although in reality, states simultaneously pursue direct and extended deterrence, extant theories of deterrence have considered direct and extended deterrence situations separately. Furthermore, extended deterrence theories have not modeled all three actors in extended deterrence situations. To...

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...

This paper develops a theoretical wage bargaining model, which yields a non-linear wage equation with a positive long term impact of taxes on wages as a special case. The elasticity of the replacement rate depends on the unemploy¬ment rate. The wage equation is estimated on time series data of...

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...

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.

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...