The American Economic Review, Volume 96American Economic Association., 2006 |
No interior do livro
Resultados 1-3 de 83
Página 532
... tion in the degree of competition and , hence , countercyclical variation in ( final goods ) price markups , in the spirit of Rotemberg and Mi- chael Woodford ( 1995 ) . The precise formula- tion we use , though , is based on Galí and ...
... tion in the degree of competition and , hence , countercyclical variation in ( final goods ) price markups , in the spirit of Rotemberg and Mi- chael Woodford ( 1995 ) . The precise formula- tion we use , though , is based on Galí and ...
Página 579
... tion makes the variance of expected payoff innovations ( σ ) change over time and will cause information demand to ... tion demand ; information prices decline as de- - 1 In the emerging market equity data described in Sec- tion VI , a ...
... tion makes the variance of expected payoff innovations ( σ ) change over time and will cause information demand to ... tion demand ; information prices decline as de- - 1 In the emerging market equity data described in Sec- tion VI , a ...
Página 582
... tion that reveals the level of 01 + 1 is more valu- able . Recall that the variance Var , [ 0 , + 1 ] po is increasing in the level of asset payoff 0,3 Therefore , increases in 0 , shift the net ben- efit curve up . When 0 , is very low ...
... tion that reveals the level of 01 + 1 is more valu- able . Recall that the variance Var , [ 0 , + 1 ] po is increasing in the level of asset payoff 0,3 Therefore , increases in 0 , shift the net ben- efit curve up . When 0 , is very low ...
Outras edições - Ver tudo
Palavras e frases frequentes
agent analysis assumption auction average behavior bidder bonus rate buyer certifier choice choose coefficient column concave condition consumers consumption correlation cost cotinine countries demand denote distribution earnings effect efficient effort levels endogenous enrollment equation equilibrium estimates exchange rate expected Figure firm gamble GATT growth higher human capital impact implies incarceration income increase incumbent individual investment Jobs Journal of Economics Lemma March CPS marginal marginal cost match May/ORG measure ment mixed strategy monthly contract Nash equilibrium nomic observed optimal order flow outcomes p-value paper parameter payoff percent period players predictions preferences price vector profits Proposition quantiles regression relative supply residual residual variance risk aversion rounds sample Section skills smoking standard strategy subsidy Table tariff Theorem tion topcode users utility functions variables variance wage inequality Walrasian equilibrium welfare workers zero