This paper raises the question when both goods and factors can move in an opening of two countries' borders whether it is possible to say which of the two would move and which moves faster as both move. The paper notes that this question should be answered in terms of the extent of the existing...

We compare two options of integrating discrete working time choice of heterogenous households into a general equilibrium model. The first, known from the literature, produces household heterogeneity through a working time preference parameter. We contrast this with a model that directly...

The author introduces risk-averse preferences, labor-leisure choice, capital, individual productivity shocks, and market incompleteness to the standard Mortensen-Pissarides model of search and matching and explore the model's cyclical properties. There are four main findings. First and foremost,...