The American Economic Review, Volume 96American Economic Association., 2006 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Página 196
... investments to- ward the other skill . Corporate culture appears to run amok , as managers seem to hire too many of their own type . Dynamically , if the expertise of managers depends sufficiently on the human capital investments that ...
... investments to- ward the other skill . Corporate culture appears to run amok , as managers seem to hire too many of their own type . Dynamically , if the expertise of managers depends sufficiently on the human capital investments that ...
Página 204
... investments never maximize expected pe- riod output . The proof proceeds by contradiction , assum- ing that for some μ , and some parameterization of the economy , the equilibrium and socially optimal investments correspond . This then ...
... investments never maximize expected pe- riod output . The proof proceeds by contradiction , assum- ing that for some μ , and some parameterization of the economy , the equilibrium and socially optimal investments correspond . This then ...
Página 207
... investments than on equilibrium investments . That is , while skill complementarities lead to more balanced equi- librium investments , the output consequences of unbalanced investments rise by even more , so that effective investment ...
... investments than on equilibrium investments . That is , while skill complementarities lead to more balanced equi- librium investments , the output consequences of unbalanced investments rise by even more , so that effective investment ...
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Free Markets and Fettered Consumers | 3 |
DOUGLAS W DIAMOND AND RAGHURAM G RAJAN | 30 |
CHRISTOPHER A SIMS AND TAO | 54 |
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