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The authors examine the impact of the recent run-up in energy and non-energy commodity prices on the Canadian dollar. Using the Bank of Canadas' exchange rate equation, they find that the differences between the actual value of the Canadian exchange rate and the simulated values observed in 2007...
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community's demand curve for an indivisible good is a rotation of the distribution of income. Monopolization of ordinary goods … can be expected to reduce everybody's consumption; monopolization of indivisible goods knocks out low income consumers … goods are strong candidates for public provision and for the expropriation of patents. -- patents ; socialization ; monopoly …
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We consider situations where a society allocates a finite units of an indivisible good among agents, and each agent receives at most one unit of the good. For example, imagine that a government allocates a fixed number of licences to private firms, or imagine that a government distributes...
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