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.g. labour).By postponing the normalisation of consumer prices, we detail how normalisations of consumer prices affect the … characterisation of optimal commodity taxes, derive the preferred characterisation, and show how it depends on the normalisation. On …
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We consider an evolutionary model of social coordination in a 2 × 2 game where two groups of players prefer to coordinate on different actions. Players can pay a cost to learn their opponent’s group: if they pay it, they can condition their actions concerning the groups. We assess the...
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