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This paper develops a model of search on the labour market with training. The model reveals how the tax system can restore the social optimum if the Hosios condition is not satisfied in the private equilibrium. Furthermore, the effects are explored of a second-best reform from average to...
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Effekte staatlichen Handelns jedoch im Dunkeln. Für den Gebietsstand der Bundesrepublik Deutschland nach 1990 existiert kein …
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