## The American Economic Review, Volume 70American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |

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**reduces**both periods ' average wages in the same proportion , thus**reducing**C2 . At the same time , increasing t**reduces**the riskiness of period 2 labor in- come . The second effect tends to increase investment in the risky asset ...Página 750

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**reduces**q ' and increases x ' ) must be fi- nanced by an increase in T which**reduces**q ' . If ( 17 ) is reversed , a reduction in q ' greatly**reduces**x ' and may destroy the pur- pose of the subsidy . However , if ( 18 ) is also ...Página 842

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**reduces**the real net yield on equity by 0.36 percent and**reduces**the real net yield on debt by 0.30 . If the risk premium ( 8 ) is unchanged , this implies that the share price calculated as the discounted value of earnings per share ...### Outras edições - Ver tudo

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adjustment Amer AMERICAN ECONOMIC REVIEW analysis assets assumed assumption average behavior coefficient compensating variation consumer consumer's surplus consumption cost curve demand function downside risk Econ effect efficient elasticity equal equation equilibrium equity estimated exchange rate expected farms Figure firm foreign exchange foreign exchange market human capital implies income increase indifference curves industry inflation interest rate investment investors labor force LDCs marginal maximize measure ment mention THE AMERICAN monetary money illusion Nash equilibrium nomic optimal output P₁ paper Pareto optimal percent period Ph.D Phillips curve portfolio problem production profits rate of inflation ratio rational expectations regression regulation relative REVIEW When Writing risk aversion sector spells spot price subsidy Table tariff theory tion tive trade uncertainty unem unemployment University utility function variable wage Writing to Advertisers yields zero