for a phase shift between the two cycles and add a price-wage block to the system. We estimate by maximum likelihood … Phillips curve-type equations, where the particular cycles enter the wage and price equations in levels though the trends are …

Based on the Heckscher-Ohlin-Vanek (H-O-V) theory, the paper develops theoretical models that lead to estimating cross …-industry equations in a proper way, when allowing for departures from some of the strong assumptions of the H-O theory, such as perfect … reformulate the rank hypotheses that allow for direct tests of the H-O-V theory when some of the assumptions of the original …

The Heckscher-Ohlin theory and the Ricardian theory of international commerce traditionally have been treated as … integrated theory. This paper combines the Heckscher-Ohlin model and Ricardian model into a single unified framework and offers …

being the award of the Nobel price to Vickrey and Mirrlees. Auction theory has been used in quite different fields, both …The importance of auction theory has gained increased recognition in the scientific community, the latest recognition …

any wage-price surprises. Conventional thinking about the equilibrium unemployment rate assumes that in the long run NAIRU … arise even in simple log-linear wage-price models. Furthermore we provide a survey on a number of hysteresis …

consumers - rich, middle class and poor. In general, we find that for reasons of strategic price setting a more equal …