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Incentives Compare the incentives facing an organized interest that contains a large proportion of the income - earning capacity in the society ( an " encompassing " interest ) with those facing an organized interest that earns only a ...
Incentives Compare the incentives facing an organized interest that contains a large proportion of the income - earning capacity in the society ( an " encompassing " interest ) with those facing an organized interest that earns only a ...
Página 25
But some years ago I realized that the logic of my model implied that societies with encompassing interest organizations will devolve until they have , in effect , the same dense network of narrow specialinterest organizations that ...
But some years ago I realized that the logic of my model implied that societies with encompassing interest organizations will devolve until they have , in effect , the same dense network of narrow specialinterest organizations that ...
Página 229
One of these is the thesis that a permanent external upward shock to the world real interest rate drives up immediately and permanently the natural unemployment rate of any country that is integrated with the world capital market .
One of these is the thesis that a permanent external upward shock to the world real interest rate drives up immediately and permanently the natural unemployment rate of any country that is integrated with the world capital market .
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Evidence? | 17 |
The Effect of Institutions on Economic Behavior | 409 |
Theory of Contracts | 432 |
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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