Corruption opportunities arise when a principal delegates enforcement or audit authority to a supervisor. The supervisor may then strike a deal with the agent she is supposed to monitor and conceal important information from the principal. Corruption imposes a constraint on governance and...

We apply the dynamic stochastic framework proposed by recent evolutionary literature to the class of strict supermodular games when two simple behavior rules coexist in the population, imitation and myopic optimization.

An international oligopoly model with unionised and non-unionised firms is constructed to make predictions about the pattern of international mergers.

The paper presents some recent research that examines, in the principal-agent framework, interaction effects of organizational design and incentives in the presence of asymmetric information and limited commitments.

The divorce rate in Norway has increased sharply since the 1960s, and today Norway ranks among the countries with the highest divorce rates in Europe. In this paper we estimate determinants of marital instabilities.

The increasing number of disability pensioners may put a strain on the welfare state. In this paper, we try to assess the effect of financial incentives on disability entrance. A sample of Norwegians on long-term sick leave at the beginning of 1989 is examined as of the end of 1989 and the exit...

This paper analyses the scope for collusive behaviour within the context of an international duopoly supergame in which both firms and monopoly labour unions interact strategically.

We look at a country that has chosen to fix its exchange rate. The country can choose to tie its currency to alternative countries. The question is which one it will be optimal to choose. Three factors are considered: Trade share, real exchange rate variation and real shocks. A large trade share...

We provide necessary condition for Pareto optimum in economies where tastes or technologies may be nonconvex, nonsmooth, and affected by externalities. Firms can pursue own objectives, much like the consumers. Infinite-dimensional commodity spaces are accomodated. Public goods and material...

Emission of uniformly dispersed greenhouse gases in construed here as a cooperative production game, featuring side-payments, quata exchange, uncertainty, and multi-period planning. Stochastic programming offers good instruments to analyze such games. Absent efficient markets for emissions, such...