Simple production game 

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team incentives public organisations experimental study pdf
... study a game in which individuals choose between a 'public firm'and 'private firm' in a labour market. in both firms, two individuals form a team and play a simple production game. after describing the rules of the game, we study its properties, first under the assumption that individuals are only ...
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appendix derivations dsge model pdf
... time periods, with one budget constraint for each time period no simple task. there is, fortunately, an easier method available. it involves ... +j, j (2.11) we further impose a no ponzi game condition to set the limit term to zero and define ... shares in production firms and direct investment in the capital stock. production firms rent capital from actuarial firms who own the capital. production firms ...
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