In the literature on trade and development, fertility and trade have been widely discussed as two separate economic forces. However, an important recent contribution connects these two and suggests that international trade between developed and developing countries has an asymmetric effect on...

Initiating a conflict is an investment in social, political or economic change. The decision to attack is sequential in time, irreversible and, more important, includes highly uncertain and erratic threats and opportunities yet completely disregarded in confict theory. In this dynamic model of...

We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical framework linking new business creation with an entrepreneur’s skill variety. Second, in this model we allow for both generalists and specialists to possess skill variety....

Published in China Agricultural Economic Review

Market failures in the "Physician-Patient-Market", caused by asymmetric information between patients and physicians, is a standard problem of any health system. Frequently, administrative rules defined by the government or private health (doctor) associations dominate the allocation mechanisms...

We propose that the rate of creation and failure of new firm start-ups can be modelled as a search and matching process, as in labor market matching models. Deriving a novel Entrepreneurship-Beveridge curve, we show that a successful start-up depends on the efficiency with which entrepreneurial...