The American Economic Review, Volume 77,Edições 3-5

adjustment aggregate demand American Economic Review analysis assume average behavior benefits bequest motive Botswana buyer capital stock Claimant Experiment coefficient coinsurance competition constraints consumption contract cost countries differences Discussants dummy earnings effects elasticity employment entry equation equilibrium estimates expected expenditure firm i's franchise function households hypothesis immigrants implies incentive income increase incumbent individual industry innovation inpatient interest rates Journal of Economics labor market Lesotho liquidity constraints Malawi marginal marginal cost measure ment menu costs migration monopolistic competition Mozambique nomic Northwestern University observed optimal output paper parameters percent period Political production profits ratio rational expectations regression relative Research return to seniority Robert sample Section sector seller short rate Social Security socialist standard errors statistical sumers Table theory tion tive University utility variables wage wealth welfare workers zero