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work effort, fertility, and the demographic transition. And it affects total factor productivity by constraining or …
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We study contracting between a consumer and an expert. The expert can invest in diagnosis to obtain a noisy signal about whether a low-cost service is sufficient or whether a high-cost treatment is required to solve the consumerś problem. This involves moral hazard because diagnosis effort and...
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authoritarian system highlights the importance of state socialist ideology for attitude formation. …
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