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This paper presents a personal view of the interaction between the analysis of choice under uncertainty and the analysis of production under uncertainty. Interest in the foundations of the theory of choice under uncertainty was stimulated by applications of expected utility theory such as the...
Persistent link: https://www.econbiz.de/10009447884
Rapid and comprehensive reduction in barriers to international trade has often been followed by a sharp deterioration in the current account. The macroeconomic counterpart of the deterioration has typically been a decline in private savings; no clear response pattern has been observed for...
Persistent link: https://www.econbiz.de/10009460021
of informal businesses. And sample designs are shaped by a narrow and in our view misleading definition of informality as …
Persistent link: https://www.econbiz.de/10009476958
This paper studies gross worker flows to explain the rising informality in Brazilian metropolitan labor markets from … and Maloney’s (2006) findings for Mexico that the patternsof worker transitions between formality and informality … correspond primarily to the job-to-job dynamics observed in the US and not to the traditional idea of informality constituting …
Persistent link: https://www.econbiz.de/10009477112
formal andinformal status. Thus we explore issues such as how informality may enable anentrepreneur to test the profitability …. Also,we show that financial constraints can interact with the option of informality to induceentry. …
Persistent link: https://www.econbiz.de/10009477113
Persistent link: https://www.econbiz.de/10010353206
informality status. We find that the gender difference in the rate of informality is present even when the sectoral composition of … contribute to the persistence of informality. …
Persistent link: https://www.econbiz.de/10012165534
social tension in the final stretch of last year. Some factors, such as high labour market informality and the improvable …
Persistent link: https://www.econbiz.de/10012524815