Despite substantial regional expenditures at both national and community level, European regional policies do not appear to deliver. The evidence suggests that neither efficiency gains nor reduced regional inequalities are ...

In the traditional Cournot model producers influence each other’s decisions through revenue earned in the product market. Rosen (1965) introduced the notion of a coupled constraints equilibrium which allowed players to ...

This paper analyzes relational contracts under moral hazard. We first show that if the available information (signal) about effort satisfies a generalized monotone likelihood ratio property, then irrespective of whether ...

This paper examine whether relative purchasing power parity holds for Albania, Bulgaria, Croatia, FYR Macedonia, Romania and Turkey versus Germany over the period January 1999 to May 2013. We investigate the real ...

Liberal egalitarian theories of justice argue that inequalities arising from non-responsibility factors should be eliminated, but that inequalities arising from responsibility factors should be accepted. The paper discusses ...

The middle of the nineteenth century has long been a challenge to researchers of ocean freight rates. The data originating from the circulars of the London shipbroker firm of Angier Brothers have been the basis of much ...

We describe a new approach to the problem of resolving distributional conflicts between an infinite and countable number of generations. We impose conditions on the social preferences that capture the following idea: ...

What should individuals be held responsible for? This is a fundamental question in much of the contemporary debate on distributive justice. Different fairness ideals, such as strict egalitarianism, and different versions ...

Hjernen har lenge vært en sort boks for økonomer, men i økende grad har økonomer begynt å studere hvilke mentale prosesser som ligger bak folks valg. Ikke minst forsøker man å forstå hvorfor folk noen ganger velger å gjøre ...

In the extended topical sphere of Regional Science, more scholars are addressing empirical questions using spatial and spatio-temoral data. An emerging challenge is to alert “new arrivals” to existing bodies of knowledge ...