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1 - 3 van 3 voor fair taylor method
how not measure competition pdf
... io literature, several measures of competition are used. it seems fair to say that concentration measures, like the herfindahl index (h), ... ) generalized this method by allowing for increasing returns to scale). we do not use this method for two reasons. first, the hall-method tests ... ln(ci), which can be viewed as a first order taylor approximation, the slope can be interpreted as an elasticity. it ...
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memo228.pdf
... is the rental rate of return for period t. the first order taylor expansion around the steady state uss 1 and rk ss rk gives rk ... c2 rk substitution in (4.21) gives a(ut) rk (u1+ t make fair comparisons with the benchmark model, we set rk 9.5%. further, ... b first order condition for the depreciation-through-use method the lagrangian for the depreciation-through-use method is given by l bt,it,kt, ut ...
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solving large scale normalised rational expectations models pdf
... method to feedback variables and using an approximate jacobian. this section uses some of the ideas on type iii iterations of the fair-taylor method (see fair and taylor (1983), section 2.1) to make the method ... the fair-taylor method are given, because the model couldn't be solved using fair-taylor. this example shows that for gamma the full-period method is superior to the subperiod method. this ...
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