Fehr, Hans (contributor); Habermann, Christian (contributor) - 2007
self-control which causes a gap between the own actual behavior and
the self-reported plans. If households are myopic or … the
Cobb-Douglas production technology Y = rho1K
ε
L
1−ε
where Y,K and L are aggregate
output, capital and labor, ε is … applied to the output
net of labor costs and depreciation. Firms maximize profits renting capital and hiring
labor from the …