-agent framework, it analyzes two alternative policy-decision schemes - "decentralization" and "centralization" - when "knowledge …

political framework, insider effects, efficiency wages, collective bargaining and cyclical effects. However, the size of … correlation is strongly determined by the degree of centralization of countries. Based on these findings, we develop a model that … explains regional and national unemployment using size and centralization. We will point out that centralization parabolas can …

́information is more relevant (centralization). The empirical analysis confirms that the importance of donors ́private information …

' information is more relevant (centralization). The empirical analysis confirms that the importance of donors' private information …