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designed to create the incentive systems of alternative market and nonmarket economic institutions, allowing the researcher to …
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Increasing the realism with respect to the representation of actors, decision-making, and institutions is critical to … better understand the transition towards a low-carbon sustainable society since actors, decision-making, and institutions are …
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This paper presents a positive model which shows that institutional setups on capital and labor markets might be intertwined by politicoeconomic forces. Two politicoeconomic equilibria arise from our model, one with little protection of insiders on capital and labor markets, and another one with...
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efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …
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