Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Keyword
Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Labor Struggles, New Social Movements, And America's Favorite Pastime: New York Workers Take On New Era Cap Company, Victoria Carty
Labor Struggles, New Social Movements, And America's Favorite Pastime: New York Workers Take On New Era Cap Company, Victoria Carty
Sociology Faculty Articles and Research
Contemporary economic globalization, which is driven and regulated primarily by multinational corporations, has a direct impact on workers' lives. Trade agreements such as the North American Free Trade Agreement (NAFTA) tend to be controlled by corporate interests in the wealthy, industrialized nations. Those countries set the agenda to protect the interests of foreign investors and facilitate the mobility of capital, but they do little to protect the interests of labor. In response, workers in both the global North and South have been forced to rely on their own individual efforts to protect themselves against unfair labor practices. This article presents …
Matching And Anonymity, C. D. Aliprantis, Gabriele Camera, D. Puzzello
Matching And Anonymity, C. D. Aliprantis, Gabriele Camera, D. Puzzello
Economics Faculty Articles and Research
This work introduces a rigorous set-theoretic foundation of deterministic bilateral matching processes and studies systematically their properties. In particular, it formalizes a link between matching and informational constraints by developing a notion of anonymity that is based on the agents' matching histories. It also explains why and how various matching processes generate different degrees of "informational isolation" in the economy. We illustrate the usefulness of our approach to modeling matching frameworks by discussing the classical turnpike model of Townsend.
Efficient Monetary Allocations And The Illiquidity Of Bonds, P. Boel, Gabriele Camera
Efficient Monetary Allocations And The Illiquidity Of Bonds, P. Boel, Gabriele Camera
Economics Faculty Articles and Research
We construct a monetary economy with heterogeneity in discounting and consumption risk. Agents can insure against this risk with money and nominal government bonds, but all trades must be monetary. We demonstrate that a deflationary policy a la Friedman cannot sustain the constrained-efficient allocation as no-arbitrage imposes too stringent a bound on the return money can pay. The constrained-efficient allocation can be sustained when bonds have positive yields and, under certain conditions, only if they are illiquid. Illiquidity, meaning that bonds cannot be transformed into consumption as easily as cash, is necessary to eliminate arbitrage opportunities due to disparities in …