Purpose – The aim of this paper is to perform an evaluation of the Brazilian informal labor market, following the lines suggested by Araujo and Souza. The paper focuses on the Brazilian labor market by using data from the National Household Sampling Survey – PNAD/IBGE, from 1995 to 2008....

Presents a basic model by which a representative agent chooses how to allocate his savings optimally between money of legal origin and dirty money; he holds the laundered dirty money, from which the money laundering process generates a positive transaction cost. Analyses the welfare of such an...

Purpose – The purpose of this paper is to study the impact of terrorist actions and money laundering on capital accumulation and consumption. Design/methodology/approach – The paper builds a general equilibrium model that considers the existence of two representative agents: a terrorist and...

Purpose – To assess the efficiency of the anti‐money laundering regulation by using an incentive‐based approach. Design/methodology/approach – It is designed a mechanism in which competent authority is the principal and the financial institutions are the agents. Findings – The analysis...

Purpose – The purpose of this paper is to show that an evolutionary approach to combat money laundering can shed new lights on this matter. Design/methodology/approach – An evolutionary game between financial institutions and employees is assumed in which the decisions of the banks and...

In this paper the existence and stability of equilibriums in an evolutionary game theory model of the labour market is studied by using the Lyapunov method. The model displays multiple equilibriums and it is shown that the Nash equilibriums of the static game are evolutionary stable equilibrium...

With this inquiry, we seek to develop a multi-sectoral version of the static Harrod foreign trade multiplier, by showing that it can be derived from an extended version of the Pasinettian model of structural change and international trade. This new version highlights the connections between the...