|
1 - 10 van 66 voor sub optimal
Research Memorandum (set-up) [PFP#902192174]
... u%g ' % w ' the solution for optimal investment and unemployment is straightforward. since u uo, optimal unemployment is zero. besides, the optimal effort to acquire ... 0, the optimal subsidy is given by .u ' % 18 s figure iii optimal education subsidies and tax progression 19 4. optimal ... ) this result shows that the level of education is sub optimal (i i ), since e+s .% a trade off also appears ...
cpb.nl
Microsoft Word - doc73.doc
... market fails' unregulated firms may have an incentive to exploit market power and to provide sub-optimal levels of reliability. in such a case, government intervention is needed to deal with market ...
cpb.nl
did 2006 covenants reduce school dropout netherlands pdf
... new and the old covenants carry elements that seem to provide sub-optimal incentives to reduce dropout and that can be improved ... new and the old covenants carry elements that seem to provide sub-optimal incentives to reduce dropout and that can be improved ... characteristics among covenant and non- covenant student populations, various sub samples, 2005-2006 (pre-covenant year) a,b discontinuity ...
cpb.nl
Microsoft Word - DP_voorblad_scale_def.doc
... shows that -from a productivity perspective- the technology of the smallest size class is definitely sub-optimal compared to other size classes. the scale efficiency is only about half that of the ... largest deviation from the frontier compared to all other size classes. firms operating on a sub-optimal scale may fall within the increasing-returns-to-scale part of the production function. we ...
cpb.nl
L:\...\cpb_discussion1 .w [PFP#711495169]
... allowance is made for economies with heterogeneous capital stocks, optimal policy rules become more complex. they therefore suggest that in determining the optimal timing, the composition of the capital stock needs to ... can then be a means to avoid an economy to become 'locked-in' into a sub-optimal 'techno-economic paradigm'. in this case, learning results in such a strong competitive advantage with ...
cpb.nl
Microsoft Word - cpbdoc91.doc
... hand, intertemporal knowledge spillovers can reduce r d investments below the optimal level. by assumption, entrepreneurs only look at the returns to ... to r d, depressing r d activity below its socially optimal level. on the other hand, by assumption entrepreneurs do not ... in r d are sub-optimal. jones and williams (1998) conclude that there is substantial underinvestment in r d optimal r d spending ...
cpb.nl
Microsoft Word - memo142.doc
... seems to favour cure and to discourage prevention. preventive care is therefore likely to be sub- optimal. moreover, even if they had the right information and beliefs, gp's are too ... behaviour of the general practitioner however (from the societal point of view), translating into a sub-optimal distribution of efforts between preventive activities and cure. suppose individuals live for two periods. ...
cpb.nl
Microsoft Word - memo169.doc
... capital and new investments. since installed capital is immobile, the allocation of capital can be sub-optimal and the adjustment process is also gradual. 8 the authors acknowledge that these protection rates ...
cpb.nl
memo246.pdf
... the value chosen in other simulation studies. however, when the initial investment share is socially sub-optimal, distributional effects can not be isolated from efficiency gains arising from an investment policy. ... . in contrast, in the current case, we search for the optimal reduction in emissions (e), and hence for the optimal level of public expenditures (im). 18 acemoglu et al. (2009) ...
cpb.nl
Microsoft Word - New evidence of the effect of transac.doc
... 2 the negative welfare effects of transaction costs are thought to be substantial, due to sub-optimal consumption of housing (o'sullivan et al., 1995), a reduction in job mobility and potentially ... determine the optimal residence duration and the optimal consumption of housing services (and other goods). one of the main results in the literature on the optimal number of moves is that the optimal ...
cpb.nl
| 