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1 - 10 van 35 voor general clearing
Microsoft Word - discussion165.doc
... general 0 efficient specific no contract, turnover costs general + + specific firm sets wage general 0 efficient specific efficient 0 0 employee sets wage general 0 efficient specific 0 efficient + fixed wage general + ... 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 ...
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Microsoft Word - discussion57
... wage bargaining, we show that clearing of land markets may undo the incentive for workers to migrate to low- unemployment regions in general equilibrium. the compensating differentials hypothesis ... pi denote the regional population. furthermore, ui is the (endogenous) regional unemployment rate. clearing of land markets implies the following equilibrium rent ( ) iiiii wubupr -+ a positive ...
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discounting investments mitigation and adaptation pdf
... non-climate investments. key words discounting, adaptation, mitigation, climate change, risk premia, dynamic stochastic general equilibrium model jel code abstract in dutch door gebruik dynamisch stochastisch algemeen-evenwichtsmodel ... a set of stochastic processes ( , ; , )r a c satisfying (2.9) and the market clearing conditions 1ia and 0b . we now turn to the determination of the equilibrium ...
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Microsoft Word - cpbdoc113.doc
... migration can at best provide partial answers, because they ignore other adjustment mechanisms. from a general equilibrium perspective, trade and capital mobility matter as well. we argue that a regional ... triggered at least partly by labour supply, thus highlighting the role of capital mobility in clearing labour markets. even less is known about spatial adjustment of capital at the micro-level ...
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Microsoft Word - CPB rapport 23feb04.doc
... 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 ... doorman, other hand, if regulatory failure exists, intervention by governments decreases welfare. in general, regulatory failures result from insufficient information within the government, diverging objectives between ...
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L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... 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 ... studies often differ substantially in the underlying samples, methodology and measurement so that general conclusions from such comparisons warrant caution. although cross-country studies face substantial measurement ...
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analyzing macro economic impact child care subsidies age approach pdf
... in order to analyze macro economic consequences of subsidizing child care, cpb's applied general equilibrium model mimic is used. this model contains a highly disaggregated household model ... 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]
... in particular markets (mdw3 ) are mainly concerned with the costs and benefits of regulation. no general economic theory exists that sheds light on all the issues related to competition policy, industrial ... 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 to ...
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Research Memorandum (set-up) [PFP#902192174]
... hand, trade unions try to raise the wage above its market-clearing level, leading to unemployment. on the other hand, identical workers ... the probability of success in the second round depends heavily on the general state of unemployment (u). if there are few jobs available ... that a trade union will ask higher wages if the general state of employment improves and the labour market becomes more ...
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governance stakeholder relationships german and dutch experience pdf
... difficult and costly, more general incentive structures are needed. prevention of shirking behaviour of workers may induce firms to raise the level of wages above the 23 market clearing level9 . a direct ... on the efficiency wage theory of shapiro and stiglitz (1984). the mark-up over market-clearing wages is higher the lower the level of unemployment. see also blanchard and fischer option ...
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