This paper investigates the effect of altruism on the pattern of labour migration in a two-country overlapping generations model. We show that differences in degrees of altruism across countries lead to bilateral migration flows. Starting from the autarkic steady-state equilibrium, restrictions...

No abstract.

This paper analyses the consequences of trust for the general equilibrium in an exchange economy. Trust is viewed as a gift of information which modifies the caracteristics of goods a la Stigler-Becker. The increase in utility due to the increase in information is modified by its consequences on...