This paper studies the relationship between social conflict and skilled–unskilled wage
inequality through the three-sector general equilibrium approach. In the basic model without …

The main purpose of this study is to illustrate, with a simple two‐factor (skilled and unskilled
labor) model, how a time‐saving improvement in business‐services trade benefitting from …

Virtual economic transactions have radically transformed the way we think about trade and
markets in closed and open economies. Continuous decline in costs of information and …

Rent seeking within the vast informal segment of the developing world is a relatively under‐
explored topic in the interface of labor market policies and public economics. Moreover, how …

This short note uses a textbook kind competitive Ricardian model to check if any change in
institutional factor reflecting corruption related intermediation may lead to apparently …

We construct a general equilibrium model with a protected intermediate sector and analyze
the effectiveness of trade reform for a small open economy where bureaucratic corruption …

In this paper, we develop a four sector general equilibrium model of a small open economy
with three formal sectors and one informal sector. One formal sector's output is used as an …

This paper uses a Heckscher-Ohlin nugget framework with both traded and non-traded
goods. Traded goods are subject to tax whereas non-traded good does not pay tax but is …

The effects of various reformatory policies in any developing economy have always been a
pulsating area of research. Considering this concern, this chapter examines the effects of …

We visit the non‐equivalence of tariff and quota in higher dimensional finite change trade
models when goods outnumber factors of production. Under competitive conditions …