## 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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**zero**or else nm / ( 1 + m ) would not be constant . From ( 16 ) nm = ( a / λ ) 20202 , and thus λ must go to**zero**to prevent nm from going to**zero**as o2 → 0 . 3 ) From ( 16a ) and ( 19a ) it is clear that as noise of goes to**zero**, the ...Página 403

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**zero**as λ → 0 . That is , the distribution of X ( X , -x ) becomes degenerate at**zero**as λ → 0 . This is not trivial because as A - 0 due to noo ( very precise information ) , the informed trader's demand X , ( P , 0 ) goes to ...Página 566

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**zero**expectation and is not serially correlated . It is proved here that : In a market with rational expectations , ( i ) if there exist both risk aversion and responsiveness of the basic balance of payments to the spot price , or ( ii ) ...### Outras edições - Ver tudo

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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 functions 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 preferences 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