This article establishes the relationship between the static axiomatic theory of bargaining and the sequential strategic approach to bargaining. We consider two strategic models of alternating offers. The models differ in the source of the incentive of the bargaining parties to reach agreement: the bargainers' time preference and the risk of breakdown of negotiation. Each of the models has a un...

There is a range of formal approaches to the modelling of policy responses. This paper will give a very short summary of the broad approaches, which are currently used, then a new approach will be proposed. The main objective of this paper is to explain the motivation and workings of a new algorithm, which allows the calculation of optimal feedback rules designed to minimise the variance of the...

The benchmark of this paper is the Fujita and Thisse (2002) core-periphery model, which adds a R&D sector with skilled labor to create new varieties for the modern sector. The number of R&D firms increases not only with the number of existing patents and knowledge spillovers but also with the number of skilled workers who can migrate and choose the region offering the better lifetime salary. Th...

Abstract In this study, we quantify the relationship between socio-economic status and life expectancy identify combinations of variables that are particularly useful for explaining mortality differences neighbourhoods in England. We achieve by examining variation experiences across small areas England known as lower layer super output (LSOAs). then consider 12 to have a strong association with...