This book is concerned with dynamic relations between interregional division of labor, division of consumption and determination of prices structure within a perfectly competitive framework in spatial economy. Our analytical framework examines the issues related to interregional dynamics raised...

This book is concerned with dynamic relations between international division of labor, division of consumption and determination of prices structure within a perfectly competitive framework in global economy. Our analytical framework examines the issues related to trade which are raised in the...

We consider a random matching model where heterogeneous agents choose optimally to invest time and real resources in education. Generically, there is a steady state equilibrium, where some agents, but not all of them, invest. Regular steady state equilibria are constrained inefficient in a...

We consider a random matching model where heterogeneous agents choose optimally to invest time and real resources in education. Generically, there is a steady state equilibrium, where some agents, but not all of them, invest. Regular steady state equilibria are constrained inefficient in a...