The American Economic Review, Volume 85,Edições 1-3American Economic Association, 1995 |
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Página 51
side of ( 5 ) is the poor person's expected utility with government transfer T , coverage level z and charitable transfer 7 * ( T , z ) in the bad state . The coverage level z * ( T ) is therefore the expected - utility - maximizing ...
side of ( 5 ) is the poor person's expected utility with government transfer T , coverage level z and charitable transfer 7 * ( T , z ) in the bad state . The coverage level z * ( T ) is therefore the expected - utility - maximizing ...
Página 149
... utility determined by utility when not work- ing in the labor market ( l lw = 0 ) . Under these conditions and assuming an interior solution , optimal caloric intake from the perspective of the worker is р = m = W ( 2 ) c ( lp , lm , lw ) ...
... utility determined by utility when not work- ing in the labor market ( l lw = 0 ) . Under these conditions and assuming an interior solution , optimal caloric intake from the perspective of the worker is р = m = W ( 2 ) c ( lp , lm , lw ) ...
Página 304
saving motives , let the utility - discount factor B and the period utility function U ( · ) be the same for all . Then , consumption levels should satisfy the Euler condition ( 12 ) U ' ( c ; ) = ß ( 1 + r ) E , [ U ' ( c ' +1 ) ] as ...
saving motives , let the utility - discount factor B and the period utility function U ( · ) be the same for all . Then , consumption levels should satisfy the Euler condition ( 12 ) U ' ( c ; ) = ß ( 1 + r ) E , [ U ' ( c ' +1 ) ] as ...
Índice
Evidence? | 17 |
Dan Kovenock and Gordon Phillips | 403 |
The Effect of Institutions on Economic Behavior | 409 |
Direitos de autor | |
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aggregate analysis assume average behavior benefits bill rate Bretton Woods Cambridge cartels central bank cheap talk choice coefficient consumption contract correlation cost countries deutsche mark drug effect employment equation estimates evidence expected fiat money firms forecast genotype growth households human capital hypothesis implies incentive income increase individual industry inflation investment Journal of Economic labor market lagged liquidity constraints marginal Medicaid ment minimum wage monetary policy monomorphic Nash equilibrium National nomic nontraded null hypothesis optimal output paper payoff function percent player political population preferences problem quota ratio reduce regression relative Research response revenue risk Robert sample sector shocks significant social Solow residuals spending statistically strategy studies supply shocks symmetric Nash Table tax rates theory tion tive trade University utility variables voters welfare workers y₁ zero