The macroeconomic principles behind the Swedish model were developed by two trade union economists, Gösta Rehn and Rudolf Meidner, shortly after World War II. The Rehn-Meidner model respresents a unique third way between keynesianism and monetarism in its approach to combine full employment...

A simple N-country specific-factor model with imperfectly mobile labour is developed. It is shown that effects of country-specific productivity shocks hitting a small country are fundamentally asymmetric. A positive shock will be accomodated by a moderate wage increase and sizable in-migration,...

We justify the application to extensive games of the concept of ‘fully permissible sets’, which corresponds to choice sets when there is common certain belief of the event that each player prefer one strategy to another if and only if the former weakly dominates the latter on the set of all...

An overview is first given of Erik Lindahl's works during the 1920s: Aims of Monetary Policy, "The Place of Capital in the Theory of Price", "On the Relationship between the Quantity of Money and the Price Level" and Means of Monetary Policy. After that the origin of ideas and Lindahl's...

In media markets, the value of advertisement exposure depends on circulation, and media consumers’ valuation is affected by advertising. This paper analyzes media market competition in a duopoly framework. There exist symmetric and asymmetric equilibria in terms of firm size. There is less...

The hypothesis that European unemployment is the rigid relative wage mirror-image of increased wage dispersion in the US is explored. The <p> framework is a two sector –manufacturing and services- model with <p> skilled and unskilled labor. A proxy for skill-biased technical progress (SBTP) is...</p></p>

This paper calculates the quantitative significance of the welfare effects of wage compression in Sweden. This is done in a dynamic general equilibrium model with overlapping generations where agents choose both schooling (human capital) and assets (physical capital). This paper shows that when...

This paper investigates the effect of import competition on employment and wages in the Swedish manufacturing sector during 1975-93. Labour is divided into production and non-production workers respectively. The results show that import competition had a significant negative effect on the...