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We Embed an Efficiency Wage View of the Labor Market a la Shapiro and Stiglitz (1984) Into the Standard Hecksher …
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We provide a representation theorem for risk measures satisfying (i) monotonicity; (ii) positive homogeneity; and (iii) translation invariance. As a simple corollary to our theorem, we obtain the usual representation of coherent risk measures (i.e., risk measures that are, in addition,...
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Concept of Net Effective Protection Is Designed to Incorporate Both Domestic and Foreign Tariffs. Production and Employment … Effects and General Equilibrium Effects Are Then Introduced by Comparing Canadian and U.S. Conditions of Production and … Increase the Profitability of Most Firms in the Two Industries, Production and Employment in These Canadian Industries Could Be …
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We Present a Model of a Mineral Producing Sector Where Irreversible Investment in Capacity and the Presence of … with Short-Run Fluctuations Due to Entry and Exhaustion of Deposits. the Cyclicality of Resource Prices Is Reinforced by … the Fact That Mines Keep Producing At Capacity When Price Is Falling. …
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