The growing literature in behavioral finance and macroeconomics that uses dynamic discrete choice models has overwhelmingly assumed that individual choices are made on the basis of a logit framework. While this assumption allows for analytical tractability, it comes with a number of restrictions...

We study a two-layer parametric nonlinear dynamic model of corruption deterrence with a simple overlapping generations structure. In a series of scenarios simulated, we find that increased resources dedicated to corruption deterrence schemes together with increased fines and higher wage rates...

We study the possibility of cartel formation among primary exporters who face an inelastic world demand for their exports. By constructing an appropriate infinitely repeated export game, we show that varying country sizes will pose difficulties in sustaining the collusive behaviour.

This paper builds up a two country model of trade and unemployment allowing for perfect mobility of capital across the borders. Capital moves from the north to the south, which suffers from unemployment. A few basic policies related to lowering of unemployment are discussed. In particular it is...