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only to the buyer and costs are known only to the seller a situation of bargaining under incomplete information results … the buyer might be allowed to name his quantity in the light of the information he has about benefits. A more complex …
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This paper considers the statistical and economic justification for one widely-used method of adjusting data from social experiments to account for dropping-out behavior due to Bloom (1984). We generalize the method to apply to distributions not just means, and present tests of the key...
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This paper considers alternative policies for promoting skill formation that are targetted to different stages of the life cycle. We demonstrate the importance of both cognitive and noncognitive skills that are formed early in the life cycle in accounting for racial, ethnic and family background...
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