We relax the standard assumption in the strategic trade policy literature that governments possess complete information about the economy. Assuming instead that governments must obtain information from firms, we examine firms' incentive to disclose information to the governments in the...

It is often asserted that the more substitutable capital and labor are in the aggregate production the more rapidly an economy grows. Recently this has been formally confirmed within the Solow model by Klump and de La Grandville (2000). This paper demonstrates that there exists no such monotonic...

An increased stock of physical capital, within a Brecher-type minimum-wage economy with skilled and unskilled labor, may reduce national income in the short run. However, if capital accumulation stimulated the formation of human capital, the long-run level of national income can exceed its...