This is a survey of the literature on multinational theory, focusing on its relation to the most recent international trade theory. Although the latter has experienced an impressive development in the last ten years, a comprehensive analysis of foreign direct investments is still missing. This...

This paper reviews arguments for and against the central government controlling local government expenditure of macroeconomic purposes.

In this paper we analyse the consequences of Knightian uncertainty for partnerships with symmetric linear production functions are analysed in a CEU framework. We propose an extension of Nash equilibrium in pure strategies for CEU-games with strategic uncertainty. We find that the presence of...

This paper focuses on the possible effects on lobbying effort of a reform of the trade policy decision mechanism. In particular, an elemental evaluation of a two-stage lobbying process to seek administered and political protection is proposed, where the uncertainty concerning both the...

This article reports the proportion of contracted work hours that are lost due to sickness absence in the UK. These rates of sickness absence are calculated for all employees across time and across various economic and demographic characteristics using the largest sample possible from the UK...

This paper examines the extent to which the Asian currency crises can be accounted for by the macroeconomic fundamentals suggested by first and second generation models, exclusive of the ideas of the third generation models. In doing so we extend the literature on the earlier models by using...