We evaluate reforms to the U.S. tax system in a dynamic setup with heterogeneous married and single households, and with an operative extensive margin in labor supply. We restrict our model with observations on gender and skill premia, labor force participation of married females across skill...

This dissertation consists of the three essays on R&D project choice in the presence of compatibility externality.In the first essaywe consider a R&D contest between two firms who can choose to concentrate their research in one of two avenues or approaches. In the R&D contest, firms compete in...

I study the effects of lump-sum money creation against the background of the random-matching model of Trejos-Wright (1995) and Shi (1995). That model is interesting for the study of money creation because, alongside with the usual harmful internal margin effects, money creation has beneficial...