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Privacy, Publicity and Restitution of Wrongful Gains: Another New Economy?
New Economy Wrongful Gains
2015/8/4
When in 1931 the amateur golfer Mr. Tolley was depicted in an advertisement by the defendant chocolate manufacturers with a packet of their chocolate protruding from his pocket, he could claim compens...
The Natural Economy of Laos
Laos Natural Economy
2014/12/11
This paper surveys the situation existing prior to 1960 and does not consider changes that have occurrer since the outbreak of the Lao civil war. For agricultural statistics see Laos Project Paper No....
The PoliTical economy of Women’s suPPorT for fundamenTalisT islam
PoliTical economy Women’s suPPorT
2015/6/5
The resurgence of revivalist religious practices, or fundamentalism,
in the late twentieth century has been described as a “historical
counterattack” mounted by threatened religious traditions see...
Measuring the Shadow Economy: Endogenous Switching Regression with Unobserved Separation
shadow economy switch regression income-consumption gap
2012/10/19
We develop an estimator of unreported income, perhaps due to tax evasion, that does not
depend on as strict identifying assumptions as previous estimators based on microeconomic
data. The standard i...
Tax Reform in Georgia and the Size of the Shadow Economy
hidden/shadow economy tax reform consumer behavior transition economy
2012/10/19
This paper applies three different methods widely used in the literature to track changes in
shadow economic activity in Georgia following a drastic tax reform in 2005. The first method
is a currenc...
Efficiency in a Search and Matching Economy with a Competitive Informal Sector
search and matching models informality efficiency
2012/10/19
We consider a dual labor market with a frictional formal sector and a competitive informal
sector. We show that the size of the informal sector is generally too large compared to the
optimal allocat...
Frontier Issues of the Political Economy of Migration
migration political economy culture minorities politicians
2012/10/22
Migration has a strong economic impact on the sending and host countries. Since individuals and groups do not benefit equally from migration, interest groups emerge to protect and take care of their n...
Can Taxes Stabilize the Economy in the Presence of Consumption Externalities?
indeterminacy consumption externalities capital and labor income taxation
2012/10/22
Considering a finance constrained economy, we discuss the stabilization role of variable labour and capital income taxes under a balanced-budget rule in the presence of consumption externalities of th...
Attitudes Regarding the Market Economy in Urban China
Public Opinion Economic Reform Urban China
2013/2/19
Compared with only thirty-five years ago, today’s China is a different country. As recently as the early 1980s, despite universal poverty, there were universal, life-time employment, cheap work-place-...
Attitudes Regarding the Market Economy in Urban China
Public Opinion Economic Reform Urban China
2013/2/19
Compared with only thirty-five years ago, today’s China is a different country. As recently as the early 1980s, despite universal poverty, there were universal, life-time employment, cheap work-place-...
Attitudes Regarding the Market Economy in Urban China
Public Opinion Economic Reform Urban China
2013/9/5
Compared with only thirty-five years ago, today’s China is a different country. As recently as the early 1980s, despite universal poverty, there were universal, life-time employment, cheap work-place-...
The German Manufacturing Sector is a Granular Economy
power law idiosyncratic shocks granular residual Germany
2012/10/22
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German m...
Income Inequality, Mobility, and the Welfare State: A Political Economy Model
redistribution mobility inequality structure induced equilibrium
2012/10/24
In this paper, we set up a three-period stochastic overlapping generations model to analyze the implications of income inequality and mobility for demand for redistribution and social insurance. We mo...
China's Emergence in the World Economy and Business Cycles in Latin America
China GVAR Great Recession emerging markets international business cycle Latin America trade linkages
2012/10/25
The international business cycle is very important for Latin America’s economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages betwe...
A Steady-State Model of a Non-Walrasian Economy with Three Imperfect Markets
search matching unemployment goods market imperfections
2012/10/26
Unemployment may depend on equilibrium in other markets than the labor markets. This paper adresses this old idea by introducing search frictions on several markets: in a model of credit and labor mar...
