In this paper we present and estimate a synthesis of previous equilibrium search models: allowing for continuous distributions of workers opportunity costs of employment, as well as firms’ productivities. The model allows for on-the-job search, and we assume that job offer arrival rates for...

In the past decades, the economic base of cities in advanced economies has shifted to a dominance of knowledge-based activities. Therefore, knowledge needs to be treated in urban policy as an important source of economic power and welfare. It is noteworthy that despite its importance, the urban...

This paper concludes that, when offenders are wealth constrained and the government is resource constrained and can commit to a certain policy throughout the whole planning horizon, cost minimizing deterrence is decreasing, rather than increasing, in the number of offenses. By extending the...