The American Economic Review, Volume 96American Economic Association., 2006 |
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... assumptions constitute two levels of measurability , but other assumptions lie between these extremes . We apply the ordering to explanations of why preferences should be convex . The assumption that utility is concave qualifies as a ...
... assumptions constitute two levels of measurability , but other assumptions lie between these extremes . We apply the ordering to explanations of why preferences should be convex . The assumption that utility is concave qualifies as a ...
Página 1131
... assumption de- livers the important message that the assumption entails a sizable departure from ordinality . Other nonordinal properties , such as concavity or conti- nuity , imply a smaller departure . VII . Conclusion The ordering of ...
... assumption de- livers the important message that the assumption entails a sizable departure from ordinality . Other nonordinal properties , such as concavity or conti- nuity , imply a smaller departure . VII . Conclusion The ordering of ...
Página 1177
... assumption . - ASSUMPTION 3A ( Bubble region in the technological progress setup ) : To π1k " > Y > ( ok ) / p . In the financial constraints setup , Assumption 4 has to be replaced by the following assumption . ASSUMPTION 3B ( Bubble ...
... assumption . - ASSUMPTION 3A ( Bubble region in the technological progress setup ) : To π1k " > Y > ( ok ) / p . In the financial constraints setup , Assumption 4 has to be replaced by the following assumption . ASSUMPTION 3B ( Bubble ...
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5 | 720 |
MAYORG AND MARCH | 989 |
This Appendix explains in more detail | 1232 |
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agent analysis assumption auction average behavior bidder bonus rate buyer certifier choice choose coefficient column concave condition consumption correlation cost cotinine countries demand denote distribution earnings effect efficient effort levels endogenous enrollment equation equilibrium estimates exchange rate expected Figure firm gamble GATT growth higher human capital impact implies incarceration income increase incumbent investment Jobs Journal of Economics Lemma March CPS marginal marginal cost match May/ORG measure ment mixed strategy monthly contract Nash equilibrium nomic observed optimal order flow outcomes p-value paper parameter payoff percent period players predictions preferences price vector profits Proposition quantiles regression relative supply residual residual variance risk aversion rounds sample Section skills smoking social security standard strategy subsidy Table tariff Theorem tion topcode users utility functions variables variance wage inequality Walrasian equilibrium welfare workers zero