The American Economic Review, Volume 86American Economic Association., 1996 Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research. |
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... labor is identical . We accomplish this by considering different cat- egories of labor ; although labor within a cat- egory is homogeneous , across categories labor may differ arbitrarily in productive uses and outside wages . Note that ...
... labor is identical . We accomplish this by considering different cat- egories of labor ; although labor within a cat- egory is homogeneous , across categories labor may differ arbitrarily in productive uses and outside wages . Note that ...
Página 203
... labor . The at - will π ( n ) = ( 20 - would hire n ' * = = - firm's payoff is given by = Profits 100 80 60 40 20 0 5 10 Ton ) ( 11 ) 15 FIGURE 1. OPTIMAL CHOICE OF LABOR Labor , n 20 THEOREM 1 : Suppose that π ( n ) is quad- ratic ...
... labor . The at - will π ( n ) = ( 20 - would hire n ' * = = - firm's payoff is given by = Profits 100 80 60 40 20 0 5 10 Ton ) ( 11 ) 15 FIGURE 1. OPTIMAL CHOICE OF LABOR Labor , n 20 THEOREM 1 : Suppose that π ( n ) is quad- ratic ...
Página 209
... Labor , n FIGURE 3. THE Choice of LABOR GIVEN NONSPECIFIC EXTERNAL LABOR more indispensable on the current margin , or perhaps by increasing their synergies with other workers at the cost of general pro- ductivity . In such a setting ...
... Labor , n FIGURE 3. THE Choice of LABOR GIVEN NONSPECIFIC EXTERNAL LABOR more indispensable on the current margin , or perhaps by increasing their synergies with other workers at the cost of general pro- ductivity . In such a setting ...
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aggregate American Economic Review analysis assets assume assumption at-will auction average bargaining behavior bidders buyer buyout capital changes coefficient Common Value Auctions competition composite commodity consumption contract correlation debt default demand denote drilling effect efficient employees English auctions equation equilibrium estimated expected firm firm's function given growth health insurance households implies income increase industry innovation investment Journal of Economics labor lease Lemma loan marginal cost ment monetary mortgage Nash equilibrium neoclassical nomic offer optimal outcome output paper parameter percent period predicted preferences profits Proposition ratio regression relative revenue risk risk aversion Section seller senators share signal social standard standard errors statistics strategy structure symmetric equilibrium Table Theorem theory tion tracts trade units University utility variables Veblen effects voters voting wage winner's curse workers zero