Publications

What were the asserted complementarities between the welfare state and full-employment policies, and why do these complementarities look less convincing today?

This paper shows that the liberalisation of foreign direct investment (FDI) tends to make the effect of labour costs on domestic investment and labour demand more negative. Using data from Germany, it…

We use a specific-factor model to examine the conditions under which policy-makers are able to increase aggregate production of high-tech goods by production or R&D-subsidies in the short and long…

Effects of Overseas Production on Home Country Exports: Evidence Based on Swedish Multinationals. —Using unique data on Swedish multinationals 1974–1990, the impacts of overseas production on parent e…

How do we explain the poor employment performance in Western Europe since about the-1970s? This question is in fact twofold : What initiated the dramatic rise in employment, and waht mechanisms have m…

This paper contributes to research endogenizing multinational firms in general-equilibrium trade models. We attempt to integrate separate contributions on horizontal multinationals which produce the s…

We propose a simple model to analyze the widespread idea that a necessary condition for firms to make foreign direct investments is that they have firm-specific advantages with respect to host country…

By combining unique data on Swedish multinationals with industry data for 18 countries, the influence of host country characteristics on the location of foreign production is analysed. Particular atte…

This paper studies how product differentiation affects collusive pricing in a duopoly when products are horizontally differentiated and firms compete in prices. In contrast to earlier work, the punish…

These notes discuss some of the main results and models from the theory of international trade under imperfect competition. They are necessairy both selective and superficial. Multinationals are consp…

This paper presents recent trends in the foreign activities of Swedish multinationals. The focus is on the distribution of production and R&D between the MNCs' domestic and foreign units, and the…

There is no simple relationship between internationalization of firms' operations and expanding trade. The variation in exports from Swedish affiliates is here shown to be influenced by properties rel…

Several recent articles claim that pre-tax income equality promotes growth. Equality is argued to dampen demand for redistributive economic policies that tax returns to growth-enhancing activities suc…

This paper analyzes the utilization of R&D results in the home and foreign plants of Swedish multinational enterprises (MNEs). The empirical findings indicate that the firms' R&D undertaken in…

This paper examines the determinants of overseas R&D by Swedish multinationals. Our empirical results indicate that the location of R&D abroad to a large extent is motivated by the need to ada…

This paper analyzes the simultaneous relationship between R&D and foreign sales in Swedish multinational enterprises in the manufacturing sector. We argue that this two-way relationship should esp…

This paper examines whether Swedish multinational enterprises transfer R&D-generated knowledge to their foreign affiliates. The empirical results suggest that such technology transfer takes place…

A quality-adjusted specification of labor is suggested which allows firm training to affect labor efficiency. To assess the cost and productivity effects, this specification is integrated into a flexi…

This paper analyzes the interplay between economic incentives and social norms in a public finance context. We assume that to live off one's own work is a social norm, and that the larger the populati…

This thesis analyzes different aspects of research and development (R&D) and technology transfer by Swedish multinational enterprises (MNEs). Following an introductory chapter are four separate em…

In spite of some cutbacks in entitlements, many welfare states' spending has continuously increased over the past decades, leading to larger tax burdens and often higher marginal tax rates. Proposals…

This paper examines the evolution of a skew distribution of firm sizes from the viewpoint of the 'Bounds' approach to market structure. It confines attention to the role played by non-strategic factor…

The paper shows how prolonged price inertia can arise in a macroeconomic system in which there are temporary price rigidities as well as production lags in the use of intermediate goods. In this conte…

This paper examines equilibrium and stability in symmetric two-player cheap-talk games. In particular, we characterize the set of neutrally stable outcomes in finite cheap-talk 2 x 2 coordination game…

This dissertation examines some issues related to multinational corporations (MNCs). All studies are based on a unique data set of individual Swedish MNCs collected over many years by the Industrial I…

This paper deals with economic incentives and welfare-state arrangements in OECD countries. This paper emphasises what may be called "dynamic" incentive issues, i.e. incentive effects that envolve ove…

This paper models a private goods oligopoly market characterized by negative and reciprocal externalities. Although firms compete in prices, and products are undifferentiated in equilibrium, the price…

The purpose of this papers is confined to illuminating the aspect: Has Sewedish economic growth been slow relative to other industrialised countries in recent decades, i.e. is Sweden lagging behind.

Global financial markets are on the threshold of a new age. After two decades of dramatic transformation in the structure and functions of national financial markets and financial service industries,…

The actual organization and use of information systems in American, European and Japanese firms are investigated and compared with theoretical conclusions. Finally, following the experimental evolutio…

Much of the existing literature of multinational companies has been concerned with firms originating in the world's largest economies. This book redresses this situation by presenting important inform…

The general government in Sweden rons an enormous current budget deficit and the public debt is increasing rapidly The paper investigates the effects of a stabilization of the economy for different ge…

In what follows, we examine the consequences of the development for the reorganization of work, the breack-down of occupational barriers, the transformation of job opportunities, and the implications…

Theoretical studies have shown that capital gains taxes in the housing market may create lock-in effects but so far no empirical evidence has been presented regarding the size of these effects. For a…

A central concept in evolutionary game theory is that of an evolutionarily stable strategy. However, many games of interest for economics have only strategies which meet the weaker requirement of neut…

Volvo Cars' economic exposure to exchange rates and other macroeconomic variables is estimated using quarterly cash flows as the firm's target variable. We discuss first several issues relating to man…

This paper investigates stability properties of evolutionary selection dynamics in normal-form games. The analysis is focused on deterministic dynamics in continuous time and on asymptotic stability o…

Reciprocal shareholding has been argued to increase managerial power and facilitate takeover resistance. The latter may translate into higher premiums in the event of an actual takeover, thus benefiti…

We show how an extended theory of fair wages can be incorporated in the two-by-two Heckscher-Ohlin model. An important feature of the model is the existence of involuntary unemployment. Several result…

An interview survey was designed to explore how personnel managers and senior wage negotiators respond to popular models of the labor market. As in Blinder and Choi (1990), our results indicate that r…

This paper examines the incentives to differentiate products horizontally in a repeated game when redesigning costs are negligible. The main findings are the following. If firms are patient with respe…

The quality of researchers' work in economics and other sciences is generally evaluated through a system of peer review. In an experimental test it is shown that the peer review system can be very ine…

This paper studies pricing and capacity decisions in markets for phone-ordered taxicabs. Taxi firms first choose capacities and then compete in prices. As firm demand increases, so does waiting time.…

This text introduces current evolutionary game theory—where ideas from evolutionary biology and rationalistic economics meet—emphasizing the links between static and dynamic approaches and noncooperat…

What are the characteristics of an environment that is conducive to technological innovation? In recent years several studies have appeared which have emphasized the comprehensive institutional framew…

In an open economy the designers of the tax corporate system have to face the possibility that a too high tax may push capital abroad, through direct investments. This paper analyzes the Swedish corpo…

Based on income growth rates connected with moving and with staying, I determine a decision index and argue that a marginal tax decrease may increase or decrease job mobility . An empirical applicatio…

In this study the additional effect of social capital over and above the contribution of human capital on the income attainment of managers is explored A regression analysis of a 1985 sample of III ex…