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Cross-sector labor reallocation is associated with costs at the micro level ranging from the costs of geographical relocation and skill change/adaptation to unemployment. We show that monotonous reallocation paths minimize the aggregate reallocation costs in the three-sector framework (relating...
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run, steady states can exist in models using non-CES utility functions, for example, quadratic linear, Stone-Geary and …
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originates from the paradox of maruf (known good) and munkar (known evil). Therefore, the paradigm of utility theory in an … utilitarianism, a concept of utility was introduced, measuring the consequences of actions or things. The concept of utility has its … attempted to develop an understanding of utility within the context of Islamic political economy, however, varied views arose on …
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