We analyze the relative growth performance of open economies in a two-country model where di¤erent endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for …nal manufacturing goods produced by a resource-poor economy. Productivity growth in both countries is driven by endogenous innovations. The e¤ects of a sudden incr...

Mining has been characterized by most researchers as one of the most hazardous occupations amongst major industrial activities. Despite regulations, automation and increased attention towards reducing risks through safety campaigns, the mining industry is still associated with higher rates of injuries compared with other industries. Mine workers must deal with a number of subtly harmful risks t...

In a matching and intra…rm bargaining economy with constant return to scale production and matching technologies, large …rms hire and train workers e¢ciently. The e¢ciency of the competitive economy relies on the ability of large …rm to take into account the consequences of training on the wages bargained inside the …rm. This intra…rm bargaining process solves the hold-up problem that is associ...

While e-commerce is sprouting radical changes in intra-organizational structures and inter-organizational relationships, the underlying principles turn out to be less than novel. Rather, they reflect a revival of traditional values that prevailed well before the advent of mass production. From a customer's perspective, most “new” business models in the Information Age are indeed old wine in new...