[This item is a preserved copy. To view the original, visit http://econtheory.org/] A key to the Coase conjecture is the monopolist's inability to commit to a price, which leads consumers to believe that a high current price will be followed by low future prices. This paper studies the...

In the era of globalization, the notion of the migrant worker is not an unfamiliar one, albeit not a welcomed notion by countries intent on maintaining the semblance of a homogeneous society. As one of the earlier industrialized countries in East Asia, the Republic of Korea experienced firsthand...