This series is aimed at economists and financial economists worldwide and will provide an in depth look at current global topics. Each volume in the series will focus on specialized topics for greater understanding of the chosen subject and provide a detailed discussion of emerging issues. The...

We present a model that allows us to compare the effects that frictions involved in immigration and international outsourcing have on the skilled–unskilled wage inequality. We show that, for any given level of contractual friction in the production of intermediate goods, the wedge between the...

This series is aimed at economists and financial economists worldwide and will provide an in depth look at current global topics. Each volume in the series will focus on specialized topics for greater understanding of the chosen subject and provide a detailed discussion of emerging issues. The...

We focus on a poor region and study the nexuses between health interventions undertaken by a regional authority (RA) and this region’s Holling resilience in the presence of a pandemic such as Covid-19. First, we show how a health intervention by the RA probabilistically affects an...

In this paper, we study the commuting behavior of citizens living in or near a city who must decide how to get to work. Such citizens can always use their own car and drive to work. However, they can also take public transport to work. The two public transport options we consider involve taking...