Long-run economic growth is analysed in a global model with many small countries prone to national level total factor productivity shocks. The possibility of precautionary saving or dissaving is a function of the higher-order moments and the cross-moments of the factor income distributions,...

Significant amount of vertical technology transfer occurs between developed and developing country firms, yet the literature on intellectual property rights did not pay much attention to this aspect. We show that whether or not the incumbent and the entrant final goods producers are from the...

In order to confine excessive levels of temporary layoffs, US firms are taxed - albeit incompletely - according to the unemployment insurance benefits claimed by their laid off workers. In contrast, German construction firms are not charged according to their layoff history and should thus have...

Employing a large individual-level administrative dataset from Great Britain, covering the period 1999-2007, we analyse the factors influencing the length of unemployment benefits claimant periods with subsequent transition to re-employment. To this end, this individual-level data is merged with...

We generalize the analyses of Hazledine (2006, “Price discrimination in Cournot-Nash oligopoly”, Economics Letters) and Kutlu (2009, “Price discrimination in Stackelberg competition”, Journal of Industrial Economics) with asymmetric cost firms. We show that the main result of Hazledine,...

The technology licensing literature has completely dominated by the assumption of constant returns to scale technology, while the implications of convex costs have been discussed extensively in the Industrial Organization literature or in the Microeconomics literature, in general. We show that...

We examine the relationship between environmental regulations and innovation, using data from UK manufacturing industry during 2000-2006. We estimate a dynamic model of innovation behaviour, and explicitly account for the likely endogeneity of our measure of the burden of environmental...

We offer a new respective to the social efficiency of entry by considering an industry with a quantity setting leader and free entry of followers. We show that whether free entry with a homogeneous product is socially excessive or insufficient depends on the identity of the leader (which is...

This paper examines the changes in the labour market experience of different immigrant and ethnic minority groups in the UK over time. The analysis suggests that, in early 90s although there was no clear cut evidence of segregation in terms of employability, certain groups of minority natives...

It is known from Grout (1984) that if the investment decision by the firm precedes the wage bargain, it will be unable implicitly to share the cost of capital with its workforce through negotiating a lower wage, and that this leads to under-investment. However, in a model, where there is...