FEP

Vol. 24, No. 1 Sari Pekkala Kerr and William R. Kerr: Economic Impacts of Immigration: A Survey (pp. 1–32) Abstract This paper surveys recent empirical studies on the economic impacts of immigration. The survey first examines the magnitude of immigration

Vol. 23, No. 1 Topi Miettinen: History-dependent Reciprocity in Alternating Offer Bargaining (pp. 1–15) Abstract This paper studies alternating-offer bargaining with players who have history-dependent reciprocity preferences. To allow for reciprocal motiva¬tion, the existing history-dependent models are modified by reversing

Vol. 23, No. 2 Klaus Kultti and Eeva Mauring: Search with Homogeneous and Heterogeneous Agents (pp. 62–72) Abstract Two types of agents want to pair. They meet randomly, and if each is acceptable to each other pairing takes place. One type’s

Vol. 22, No. 2 Jean-Charles Rochet: Regulating Systemic Institutions (pp. 35–46) Abstract The subprime crisis has revealed many loopholes in the supervisory/regulatory framework for banks. The most dramatic of these loopholes is certainly the Too Big To Fail (TBTF) problem:

Vol. 22, No. 1 Alfons J. Weichenrieder: A Note on Local Public Investment and Debt Limitation in a Federation (pp. 3–8) Abstract The paper considers the local provision of public infrastructure in symmetric jurisdictions when population is mobile. It shows

Vol. 21, No. 2 Maria Saez-Marti and Fabrizio Zilibotti: Preferences as Human Capital: Rational Choice Theories of Endogenous Preferences and Socioeconomic Changes (pp. 81–94) Abstract We discuss the theoretical and empirical foundations of modern economic theories of cultural transmission. The

Vol. 21, No. 1 Erkki Koskela, Markku Ollikainen and Mikko Puhakka: Saddles and Bifurcations in an Overlapping Generations Economy with a Renewable Resource (pp. 3–21) Abstract We incorporate a renewable resource as a factor of production and store of value

Vol. 20, No. 2 Juha-Pekka Niinimäki and Tuomas Takalo: Benchmarking and Comparing Entrepreneurs with Incomplete Information (pp. 91–107) Juha Tervala: Fiscal Policy and the Current Account in a Small Open Economy (pp. 108–120) Paolo Zagaglia: Operational fiscal and monetary policy

Vol. 20, No. 1 Annette Alstadsæter: The Achilles Heel of the Dual Income Tax: The Norwegian Case, Appendix (pp. 5–22) Helinä Laakkonen: The Impact of Macroeconomic News on Exchange Rate Volatility (pp. 23–40) Per-Ola Maneschiöld and Bengt Haraldsson: Religious Norms and

Vol. 19, No. 2 Harri Hietala and Seppo Kari: Investment Incentives in Closely Held Corporations and Finland’s 2005 Tax Reform (pp. 41–57) Abstract This paper analyses the effects of the recent Finnish income tax reform on the behaviour of a