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Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that …-operation between both actors is necessary for high employment and low inflation. The current institutional set-up is found to be unable …
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In this lecture I first give an explanation for invidious preferences based on the (evolutionary) competition for resources. Then I show that these preferences have wide ranging and empirically relevant effects on labor markets, such as: workplace skill segregation, gradual promotions, wage...
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