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Do non-enforceable contracts matter? Evidence from an international lab experiment
(Journal article; Peer reviewed, 2014)
Many verifiable contracts are impossible or difficult to enforce. This applies to contracts among family and friends, contracts regulating market transactions, and sovereign debt contracts. Do such non-enforceable contracts ...
Markup cyclicality and input factor adjustments
(Journal article; Peer reviewed, 2010)
This paper investigates the existence of markups and their cyclical behaviour at the industry sector level. Markups are given as a price-cost relation that is estimated from a dynamic, structural model of the firm. The ...