One of the best known predictions of standard economic theory is that an increase of minimum wage decreases employment and thus job opportunities of low-skilled, low-experienced workers. This paper provides an in depth analysis of the dynamics of the Hungarian youth employment. An econometric...

The objective of this paper is to demonstrate a simple Ricardian model of international trade for health care industries of the USA and India. Our motivation is to illustrate that specialization and free trade result in gains from international trade. We will shed some light on the economics of...

A number of researches reveal a difference in economic behavior between women and men, which may affect macroeconomic outcomes. Such gender differences can be found in decisions on consumption, savings, investment, or risk-taking. The implications are connected to economic performance: improving...

Cooperative games model situations where the actors can collaborate, can form coalitions. We know many static models, but our world is more complex. Despite the fact that there have been several experimental studies on coalition formation there are only very few theoretical papers dealing with...