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We study the dynamics of the quantity and quality of teachers in the framework of dynamic general equilibrium OLG model. The quantity and quality are jointly set by a government agency wishing to maximize the quality of basic education per student while being bound by teachers’ collective...
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constitutes a rational response to a time allocation problem, their reaction to incentives appears myopic in other dimensions. …
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functions. He reverses earlier findings in that owners give managers incentives to act in an accommodating way. That is, optimal …
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