We develop a simple search equilibrium model of workplace training and education based on two features. First, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with vacant skilled job slots can choose between recruitment...

This paper surveys both the theoretical and empirical economics literatures on nonlinearity, complex dynamics, and chaos. Unlike earlier survey papers, this one is written for professional researchers in the area and assumes relevant mathematical background. Unsolved problems and unresolved...

We discuss the problem known in economics as backward dynamics occurring in models of perfect foresight, intertemporal equilibrium described mathematically by <italic>implicit</italic> difference equations. In a previously published paper [<italic>Journal of Economic Dynamics and Control</italic> 31 (2007), 1633–1671], we...