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Página 94
High - cost firms may use their voting power to restrict the output of firms with lower costs , as the following example makes clear . = Suppose the industry consists of three firms with the same capacity ( q1 = 92 93 5 ) but different ...
High - cost firms may use their voting power to restrict the output of firms with lower costs , as the following example makes clear . = Suppose the industry consists of three firms with the same capacity ( q1 = 92 93 5 ) but different ...
Página 500
For example , in models that rely on capital accumulation and intertemporal substitution to spread shocks over time , output dynamics are essentially the same as impulse dynamics . Hence , these models must rely on impulse dynamics to ...
For example , in models that rely on capital accumulation and intertemporal substitution to spread shocks over time , output dynamics are essentially the same as impulse dynamics . Hence , these models must rely on impulse dynamics to ...
Página 575
CASE ( a ) OF EXAMPLE 2 FIGURE 3. THE SHAPE OF THE FUNCTION N ( P. r - i H1ts , -i ( 9 ) μ - 5 , -i Y + H2S2 d2 = y1 + μ2 135 ° da not invest and hence the optimal debt level d2 is : 15 d2 = y1 + μ2- 02 [ μ , - i ] .
CASE ( a ) OF EXAMPLE 2 FIGURE 3. THE SHAPE OF THE FUNCTION N ( P. r - i H1ts , -i ( 9 ) μ - 5 , -i Y + H2S2 d2 = y1 + μ2 135 ° da not invest and hence the optimal debt level d2 is : 15 d2 = y1 + μ2- 02 [ μ , - i ] .
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Índice
Evidence? | 17 |
The Effect of Institutions on Economic Behavior | 409 |
Theory of Contracts | 432 |
Direitos de autor | |
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aggregate analysis assume average bank behavior benefits capital central changes choice coefficient condition consumption contract correlation cost countries decision demand depends discussion Economic effect employment equal equation equilibrium estimates evidence example expected firms function given growth higher households important income increase individual industry inflation interest International issue Journal labor less lower marginal mean measure ment monetary Notes observations output percent period player political population positive possible preferences Press probability problem question ratio reduce regression relative reported Research response Review risk rules sample schooling sector shocks significant social spending standard statistically studies suggests Table theory tion trade transfer United University utility variables wage welfare workers