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We develop a flexible single-state model to represent tradeoffs between infections and activity during the early phase of an epidemic. We prove that optimal policy is continuous in the state but discontinuous in the deterministic arrival date of a cure; optimal lockdowns are followed by stimulus...
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communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …
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Should automation be regulated? This paper studies optimal tax of robot and regulation of automation. A job assignment model is embedded into a Mirrleesian tax problem. A task may either be assigned to the robot or one type of labors, which naturally determines the automation rate. The robot can...
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communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …
Persistent link: https://www.econbiz.de/10010282273
Persistent link: https://www.econbiz.de/10001182001
We investigate two alternative explanations why men may hold more stocks than women. Apart from a gender difference in … risk aversion, gender differences in either optimism or in perceived risk of financial markets might cause men to hold more … issues, including the economy and the stock market. After taking differences in optimism into account systematic gender …
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