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In the present paper, we analyze the effect of unemployment benefits on unemployment. We do this by elaborating on a model developed by Miyagiwa (1988) in several respects. First, we establish Walras' law and give an explicit consideration to the government budget balance. We also incorporate...
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The "inverse relationship" between the size of a farm and its productivity is examined in a model which emphasizes the role of supervision by family members. The pioneering paper of Gershon Feder is modified to emphasize labor rather that land as the mediate object of supervision. An important...
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