We study a political compromise founded on tacit cooperation. Two political parties must share a fixed pie in each of an infinite sequence of periode. In each pary the power has ultimate authority to devide the pie.

This paper evaluated the impact of the Federal Sentencing Guidelines on inter-jusge sentencing disparity, which is defined as the differences in average nominal prison sentence lengths for comparable caseloads assigned to different judges. This disparity is measured as the dispersion disparity...

We study the determinants of the location of sub-contracted activity in a general equilibrium model of outsourcing and trade.

We develop a competitive model of trade between countries with similar aggregate factor endowments. The trade pattern reflects differences in the distribution of talent across the labor forces of the two countries.