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advertising space in the secondary market. Furthermore, the media firm is assumed to choose a continuous quality level for …
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This paper analyzes the growth and employment effects of dynamic fiscal policies in an overlapping generations model with endogenous growth and imperfect labour markets. With balanced-budget policies, the modelled closed economy grows at a constant rate which is the higher, the lower are the...
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addictive or habituated. However, not only the reader but also the advertising market has to be considered by a publisher … monopolistic but the advertising market is of duopolistic structure. To compare the results from the models regarding habit effects …
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