The American Economic Review, Volume 70,Edições 3-5American 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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Página 424
... substitution as ( 6 ) j σij = 221 ӘР ӘР av PK ӘР av av ӘР ; ӘР - - Σ a2y ӘРӘР К av ӘР Pk / av a2v P // Σ ӘР ; ӘР ӘРК + ΣΣ PxPm / Z m a2v Әркарт k k av Pr ӘР The matrix of elasticities of substitution is singular . Therefore , negative ...
... substitution as ( 6 ) j σij = 221 ӘР ӘР av PK ӘР av av ӘР ; ӘР - - Σ a2y ӘРӘР К av ӘР Pk / av a2v P // Σ ӘР ; ӘР ӘРК + ΣΣ PxPm / Z m a2v Әркарт k k av Pr ӘР The matrix of elasticities of substitution is singular . Therefore , negative ...
Página 428
... substitution elasticities are dependent on the level of income as indicated by ( 4 ) , ( 5 ) , and ( 6 ) . The ... substitution can be written ( 18 ) o = 1 - ( ( w1 ̄1w2 B11-2ẞ12 + w2w1 B22 ) / D ) where D is the denominator of ( 17 ) ...
... substitution elasticities are dependent on the level of income as indicated by ( 4 ) , ( 5 ) , and ( 6 ) . The ... substitution can be written ( 18 ) o = 1 - ( ( w1 ̄1w2 B11-2ẞ12 + w2w1 B22 ) / D ) where D is the denominator of ( 17 ) ...
Página 620
... substitution by more than the marginal rate of substitution exceeds the marginal rate of transformation in the ex- change rate and monetary policy mix . Con- sequently , it is not possible to demonstrate that either policy is superior ...
... substitution by more than the marginal rate of substitution exceeds the marginal rate of transformation in the ex- change rate and monetary policy mix . Con- sequently , it is not possible to demonstrate that either policy is superior ...
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adjustment Amer analysis assets assumed assumption average behavior budget capital coefficient constant constraint consumer consumer's surplus consumption cost countries curve demand function differential distribution earnings Econ Economic effect efficient elasticity equal equation equilibrium estimates exchange rate expected utility Figure firm foreign exchange market given hypothesis implies income increase indifference curve indirect utility function individual industry inflation interest rate investment investor labor force lagged LDCs marginal marginal utility maximize measure ment monetary money illusion money supply Nash equilibrium nomic optimal output P₁ paper parameters percent period positive price level problem production profits quantity ratio rational expectations regression regulation relative risk aversion Section sector share spot price statistically substitution supply Table tariff Theory tion tive unemployment United University utility function variables wage welfare workers yields zero