References of "Economic Theory"
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See detailA Coalitional Theory of Unemployment Insurance and Employment Protection
Anesi, Vincent UL; De Donder, Philippe

in Economic Theory (2013), 52

This paper examines the role of coalition formation in the empirically observed negative correlation between employment protection and unemployment benefit. We study an economy composed of four groups of ... [more ▼]

This paper examines the role of coalition formation in the empirically observed negative correlation between employment protection and unemployment benefit. We study an economy composed of four groups of agents (capitalists, unemployed people, low- and high-skilled workers), each one represented by a politician. Politicians first form political parties and then compete in a winner-takes-all election by simultaneously proposing policy bundles composed of an employment protection level and an unemployment benefit. We first show that, in the absence of parties (i.e., in a citizen-candidate model), low-skilled workers are decisive and support a maximum employment protection level together with some unemployment benefit. We then obtain that, under some conditions, allowing for party formation results in all policy equilibria belonging to the Pareto set of the coalition formed by high-skilled workers together with unemployed people. Policies in this Pareto set exhibit a negative correlation between employment protection and unemployment benefit. [less ▲]

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See detailSelf-organized Agglomerations and Transport Costs
Picard, Pierre M. UL; Tabuchi, Takatoshi

in Economic Theory (2010), 42

This paper investigates the number and structure of spatial equilibria in a continuous space for a general class of transport cost functions. The economic space is represented by a circumference on which ... [more ▼]

This paper investigates the number and structure of spatial equilibria in a continuous space for a general class of transport cost functions. The economic space is represented by a circumference on which Þrms and workers-consumers are perfectly mobile. We derive the conditions to be imposed on the transport cost functions under which the distributions of workers and Þrms are stable equilibria. We also derive the conditions under which discrete distributions of workers over equidistant points (cities) are stable equilibria for large and small number of points (cities). [less ▲]

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See detailOn the long-run evolution of technological knowledge
Hakenes, Hendrik; Irmen, Andreas UL

in Economic Theory (2007), 30(1), 171-180

This paper revisits the debate about the appropriate differential equation that governs the evolution of knowledge in models of endogenous growth. We argue that the assessment of the appropriateness of an ... [more ▼]

This paper revisits the debate about the appropriate differential equation that governs the evolution of knowledge in models of endogenous growth. We argue that the assessment of the appropriateness of an equation of motion should not only be based on its implications for the future, but that it should also include its implications for the past. We maintain that the evolution of knowledge is plausible if it satisfies two asymptotic conditions: Looking forwards, infinite knowledge in finite time should be excluded, and looking backwards, knowledge should vanish towards the beginning of time (but not before). Our key results show that, generically, the behavior of the processes under scrutiny is either plausible in the future and implausible in the past or vice versa, or implausible at both ends of the time line.<P>(This abstract was borrowed from another version of this item.) [less ▲]

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