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1 - 10 van 24 voor clearing agents
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... competitive labor market us -- does not produce anything that resembles invisible hand market clearing and flexibility. it produces surprising rent-sharing rent- extraction -- jobless recoveries? the latest ... discounting for individual benefit. bargaining commit to get your fair share externalities force agents to respond along more socially desirable margins early warning systems for plant closure ...
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Microsoft Word - discussion165.doc
... set by the employer (shapiro and stiglitz, 1984). while wages are above the market clearing level, there is involuntary unemployment. the relatively high wage combined with the threat of ... productivity and older workers more than their productivity. 2.3.2 insurance risk averse agents derive utility from insurance against fluctuations in consumption. if financial markets cannot provide this ...
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doc211.pdf
... absence of coalition forming some agents with bad projects will produce a costly signal. however, when agents form a coalition the coalition can induce bad and good agents to truthfully reveal the ... are the driving force. 11 this payment system is accessible to commercial banks, central banks, clearing houses, government agencies and some non-commercial organizations like the imf. 12 although some ...
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Microsoft Word - CPB rapport 23feb04.doc
... insufficient investments in maintenance and extension of the grid. the degree of flexibility of agents to react to shocks within demand or supply determines the economic consequences of the ... appear when governments attempt to intervene with the market by fixing prices below the market clearing level or by introducing quantitative rationing (oies, 2003). however, shortages could also result from ...
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L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... when these banks are linked to the failing institution through interlocking claims (e.g. via clearing-houses and correspondent deposits). because of this disruptive force of contagion bank failures may have ... because bank entry is geographically regulated and there are costs of switching locations for all agents. 34 we will discuss these theories in chapter impact of increased competition on social ...
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analyzing macro economic impact child care subsidies age approach pdf
... low skilled and high skilled labor. firms and the public sector are the demanding agents whereas households supply labor. firms produce commodities according to a ces production function, ... by negotiations between firms and households. the negotiated wage generally differs from the market clearing level. the equilibrium rate of unemployment depends on institutional factors, like the average and ...
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00 An Analytical Framework of I [PFP#1092129299]
... each competitor acts in a similar way, the market ends in an equilibrium with market clearing prices (total demand equal to total supply). in equilibrium, no firm has any incentive ... , concerns the firms' internal housekeeping, production methods and technology, and its relation to the agents on the input markets, the suppliers and employees. the second perspective, the market interactions, ...
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Research Memorandum (set-up) [PFP#902192174]
... essential. on the one hand, trade unions try to raise the wage above its market-clearing level, leading to unemployment. on the other hand, identical workers invest to acquire skills. in ... decision over taxes and subsidies precedes all other decisions. the government cannot fool the other agents; it cannot announce a set of taxes and subsidies and implement a different set. the ...
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governance stakeholder relationships german and dutch experience pdf
... 11 figure 2 corporate governance agents, goals and governance structures 13 figure 3 contractual governance agents, goals and governance structures 20 figure 4 work governance agents, goals and governance structures ... workers may induce firms to raise the level of wages above the 23 market clearing level9 . a direct way to increase worker engagement with the management performance evaluation ...
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rmcpb8.dvi
... structure. unions maximize their utility by demanding a wage above the market clearing' level. to highlight the main channels through which almps a ect ... have to rise. this will put further strains on participation of agents in the private sector. 3.1.2 the impact of training ... state (this would require that we specify the behaviour of all agents along the transition path). in a steady state we can ...
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