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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advertising agents aggregate allocation Angrist assume assumption average search success B-type bank behavior birth cohort cartel cash choice coefficients column condition consumer consumer surplus coordination deposits distribution of managerial effects efficiency equation equilibrium estimates evaluate expected firm fraction growth hiring Hispanic implies increase industry inequality inflation instrumental variables interest rate investments Journal of Economic labor late projects loan sanctions lobby lung cancer managerial expertise managers marginal ment monetary policy mortality rate motorists newspaper circulation nomic nominal nominal deposits nominal interest rate odious debt optimal outcomes output p-values paper Pareto improving percent period population race race-r racial prejudice regime regression risk sample school-leaving age search cost search success rates skill social statistical sumer surplus Table technology shock tion trade troopers utility variables wage wealth workers zero