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U.S. expenditures in research and development (R&D) rose to $456.1 billion in 2013 -- a $20.7 billion increase over the previous year, according to a reportfrom the National Science Foundation's ...
U.S. expenditures in research and development (R&D) rose to $456.1 billion in 2013 -- a $20.7 billion increase over the previous year, according to a reportfrom the National Science Foundation's ...
Recessions appear to be times when the marginal rate of substitution between goods and workers’ time falls below the marginal product of labor. If so, the allocation of workers’ time is inefficient. I...
Process Not Product: The ICOMOS Ename Charter (2008) and the Practice of Heritage Stewardship.
New Zealand capital markets currently do not serve retail investors well, creating investor skepticism regarding participation. A recent Reader’s Digest survey rated financial advisers among the least...
We study the effects of policy reforms in the South on the decisions of intrafirm and arm's length production transfers by Northern firms. We show theoretically that relaxing ownership controls and im...
This paper assesses the impact of product market competition on job instability as proxied by the use of fixed-term labor contracts. Using both worker data from the Spanish Labor Force Survey and firm...
This paper studies the impact of product and labor market regulations on informality and unemployment in a general framework where formal and informal firms are subject to the same externalities, diff...
There is quite a debate between legal scholars from Civil and Common Law systems o­n whether contractual penalties should be enforced by courts. In this contribution we look at this question from ...
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then ma...
Even when international product market integration is taking place between fairly similar countries with low labour mobility, it may have important effects for labour markets by increasing the mobilit...
Standard economic wisdom generally stresses the benefits of increased competition on the product market. This paper proposes a model of monopolistic competition with an endogenous determination of wor...

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