Labor Adjustment and Gradual Reform:Is Commitment Important?
Year of publication: |
1994-10-01
|
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Authors: | Karp, Larry ; Paul, Thierry |
Institutions: | Department of Agricultural and Resource Economics, University of California-Berkeley |
Subject: | adjustment costs | dynamic tariffs | time inconsistency | Markov perfection |
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PHASING IN AND PHASING OUT PROTECTIONISM WITH COSTLY ADJUSTMENTS OF LABOUR
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