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We present a dynamic lifecycle model of women’s choices with respect to partnership status, labour supply and fertility when a male partner’s true tendency for abusive behaviour is unobserved. The model is estimated by the method of simulated moments using longitudinal data from the Avon...
Persistent link: https://www.econbiz.de/10011872040
Recession. I next develop a heterogeneous firm model with Bayesian learning and uncertainty shocks to study the aggregate …'s (1982) model of learning in a setting where each firm gradually learns about its own productivity, and each occasionally … experiences a shock forcing it to start learning afresh. Firms differ in their information; more informed firms have lower …
Persistent link: https://www.econbiz.de/10011460770
demand. The former learning effect, combined with the latter real-options effect, adversely affect firms’ entry decisions and …
Persistent link: https://www.econbiz.de/10012269538