... Andolfatto, David (20 02) . “A Theory of Inalienable Property Rights,”Journal of Political Economy, 110 (2) : 3 82- 393. 2. Andolfatto, David and Paul A . Gomme (1996). “Unemployment Insurance and Labor Market ... 1993).Employment11,100,000 24 5,000190,000FIGURE 7.4Average Labor Market Stocks and Monthly FlowsCanada 1976 - 1991 (Jones, 1993)UnemploymentNonparticipation1,084,0006, 624 ,000183,000 27 5,000 23 5,000 21 6,000Figure ... either V (1) and V (0). In Figure 7 .2, W is just the ‘upper envelope’ of the func-tions V (1) and V (0). According to our theory, the welfare function is (weak ly)increasing in w, a and v. What...