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We test the assumption that the relation between sexual activity is nonlinear, considering that the impact of sex on productivity and therefore on wage occurs during a certain interval of times which one cannot perceive if discrimination is not done. In other words, we must use different dummies...
Persistent link: https://www.econbiz.de/10014049915
We test the assumption that the relation between sexual activity and wage is nonlinear, considering that the impact of sex on productivity and therefore on wage occurs during a certain interval of times which one cannot perceive if discrimination is not done. In other words, we must use...
Persistent link: https://www.econbiz.de/10013105866
Persistent link: https://www.econbiz.de/10011898771
This paper deals with the frictions arising in the transfer of collateral from borrowers to lenders in case of default in collateralized loans. We propose a simple model of collateralized loans in which the sale of assets (borrowing) is tied to the purchase of a put option written on the...
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In this work I study the stability of the dynamics generated by adaptive learning processes in intertemporal economies with lagged variables. I prove that determinacy of the steady state is a necessary condition for the convergence of the learning dynamics and I show that the reciprocal is not...
Persistent link: https://www.econbiz.de/10005772336
A contractive method for computing stationary solutions of intertemporal equilibrium models is provided. The method is implemented using a contraction mapping derived from the first-order conditions. The deterministic dynamic programming problem is used to illustrate the method. Some numerical...
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