This paper extends the now familiar Shapiro-Stiglitz (1984) model of labor market behavior to reconsider the controversial proposition that some forms of innovation have persistent displacement effects. In particular, it finds that when distinctions between random production failures and reduced...

The stylized facts of ultimatum bargaining in the experimental lab are that offers tend to be near an equal split of the surplus and low, near perfect offers are routinely rejected. Bimmore et al (1995) use aspiration-based evolutionary dynamics to model the evolution of fair play in a binary...

Aqua Universitas, the unique Anglian Water learning organization, is based on the federal concept which encourages a number of learning initiatives to co‐exist within a common vision. It allows a variety of needs to be represented. Aqua Universitas is linked to the operating company of Anglian...

This paper reports on the development of Aqua Universitas ‐ Anglian Water’s University of Water ‐ and the Company’s journey towards wisdom creation. It supports the Company’s vision of “creating and sustaining knowledge for sustainable water management”. This vision draws on the...

Recent panel data is used to reconsider the determinants of interstate differences in the ratio of insured to total unemployment. We conclude that previous research on the influence of replacement rates, duration of jobless spells and female labor force participation is robust, but find that...

Recently economists have become interested in why people who face social dilemmas in the experimental lab use the seemingly incredible threat of punishment to deter free riding. Three theories with evolvutionary microfoundations have been developed to explain punishment. We survey these theories...