We investigate long-run earnings responses to taxes in the presence of dynamic returns to effort. First, we develop a theoretical model of earnings determination with dynamic returns to effort. In this model, earnings responses are delayed and mediated by job switches. Second, using...

Introduction Health economics is a thriving sub‑discipline of economics. Applied health economics research is con‑ sidered essential in the health care sector and is used extensively by public policy makers. For scholars, it is important to understand the history and status of health...

Purpose - Since the core issue of Chinese economics is to elucidate the logical relationship between socialism and the market economy, it necessitates a robust foundation for microeconomic analysis to uncover the behavioral patterns and characteristics of microeconomic agents in a socialist...

Offers a useful research monograph regarding the models, results and applications in recent developments of game theory on coalition formation for advanced undergraduate and graduate students and researchers who want to understand how people can cooperate in group formation.