Publications

Franco Modigliano received the prize in economics in memory of Alfred Nobel in 1985. The award was given in recognition of Professor Modigliani’s innovative and influential analysis of savings and fin…

The measurement of industrial structure and productivity growth has a long history in economics. Its usefulness has been limited, however, by the rather simple methods that have been applied. This bo…

Oxelheim and Wihlborg tackle the complex system of corporate exposure to international economic risks and they succeed in presenting a unified framework for understanding and coping with international…

The economies of the Nordic countries – Denmark, Finland, Norway and Sweden – are both similar and strikingly different. This medium term survey is a joint analytic project between the Nordic research…

In the experimentally organized economy introduced in this book the manufacturing firm is portrayed largely as an information processor. The implications for foreign trade, industrial policy and econo…

This paper presents a technique for qualitative comparative statics analysis in dynamic programming models. Let the value function v be the fixed point of a contraction mapping which depends different…

This paper introduces an experimental economy with boundedly rational agents that compete with local, and largely incommunicable industrial knowledge, in an international market environment with more…

Swedish Manufacturing Industry is said to be technologically and commercially in good shape. While Swedish wage levels were higher than in all industrial countries in the mid-70s, wages - expressed in…

Market competition is central to innovative activity, the diffusion process and macro-economic productivity growth. Productivity growth at all levels comes about through institutional reconfiguration…

The paper contains an analysis of a firm's optimal wage and recruitment policy, when the dynamic labor supply to the firm is specified as a Poisson distributed flow of job-applicants, whose reservatio…

In this article it is shown that when the effects of an increase in unemployment subsidies are studied in a general equilibrium framework, unemployment increases far less than in a "partial-partial" m…

Working Paper No. 166 is published as "Market and Nonmarket Service Production in Swedish Households" (author: Anders Klevmarken) in Gunnar Eliasson (ed.), The Economics of Institutions and Markets, I…

When studying incentives in different economic systems, traditional comparative economics focuses on comparing incentives within markets to incentives within hierarchies. Advantages of the former are…

The modern manufacturing firm competes with product quality improvements rather than cost efficient production of simpler products. R&D spending, marketing, availability of spare parts and service…

In recent years IUI has concentrated much of its research efforts on the development and use of econometric models of the Swedish economy. Although full scale economy-wide models are difficult to esti…

The writings of Durkheim and Weber have canonical status in sociology, and their place in this canon sometimes obscures their place in the historical stream of the development of problems. Perhaps thi…

This volume contains the papers and discussion of a conference on the dynamics of decentralized, market economies held at the Grand Hotel, Saltsjöbaden near Stockholm, August 29-31, 1983. The confere…

How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive Phillips curve theories or uncorrelated, "as in the neo-liberals' view or are they…

In this paper we show that changes in the position of the UV-Curve do not unambiguously reflect changes in labour market adjustment ability. In fact, the UV-Curve is displaced not only when hiring eff…

The effects of the Swedish 1983-85 tax reform are analyzed with respect to the housing market. A microsimulation model is used which takes into account the household's tenure choice (owning vs. rentin…

Non-periodic fluctuations of production activities are shown to exist in a dynamic von Thunen model for specific conditions of cost and demand.

This paper shows how changing patterns of change and irregular or chaotic fluctuations arise in deterministic, competitive markets with production lags using (1) the standard cobweb model with a backw…

An adaptive economizing framework is proposed for analyzing labor market aspects of long-term industrial development using a dynamic, disaggregate economic model based upon principles of bounded ratio…

Our concern is with economizing behavior when preferences depend on experience. It is shown that such dependence, reflecting 'deep psychological structure', even when it is stable or habit forming in…

This paper discusses the nature of macro productivity change from the perspective of a Schumpeterian micro-to-macro (M-M) model. It emphasizes the dynamics of resource allocation through markets (firm…

This paper presents statistical evidence on (1) the importance of "soft" capital spending items like marketing and R&D investments, and (2) the dominant service content of production in the modern…

It is noted that modern economics cannot decide which economic system is the best way of organizing production. In particular, support is given to Nelson (1981) who claims that modern economics does n…