This paper extends the now familiar Shapiro-Stiglitz (1984) model of labor market behavior to reconsider the controversial proposition that some forms of innovation have persistent displacement effects. In particular, it finds that when distinctions between random production failures and reduced...

The stylized facts of ultimatum bargaining in the experimental lab are that offers tend to be near an equal split of the surplus and low, near perfect offers are routinely rejected. Bimmore et al (1995) use aspiration-based evolutionary dynamics to model the evolution of fair play in a binary...

The current austerity in the UK public finances is having knock-on effects for the Scottish Government. Public servants in Scotland talk of the ‘scissors of doom’ – of rising demand for public services and falling revenue expenditure. In response to these pressures the...

Aqua Universitas, the unique Anglian Water learning organization, is based on the federal concept which encourages a number of learning initiatives to co‐exist within a common vision. It allows a variety of needs to be represented. Aqua Universitas is linked to the operating company of Anglian...