JER, 第 2-3 卷Hanyang Economic Research Institute in collaboration with Hanyang University College of Business and Economics, 1997 |
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第 1 到 3 筆結果,共 47 筆
第 270 頁
... equilibrium occur.3 2 The present paper considers a dynamic decision problem , extending the input quantity adjustment cost model of Hamermesh ( 1989 , 1992 ) , in which a firm faces both menu costs and a convex adjustment cost . It is ...
... equilibrium occur.3 2 The present paper considers a dynamic decision problem , extending the input quantity adjustment cost model of Hamermesh ( 1989 , 1992 ) , in which a firm faces both menu costs and a convex adjustment cost . It is ...
第 57 頁
... equilibrium then the allo- cation achieved by this equilibrium is characterized by the above equa- tions . We will show that when there is no government intervention , i.e. , ( bo , b1 ) = ( 0 , 0 ) , there exists a monetary equilibrium ...
... equilibrium then the allo- cation achieved by this equilibrium is characterized by the above equa- tions . We will show that when there is no government intervention , i.e. , ( bo , b1 ) = ( 0 , 0 ) , there exists a monetary equilibrium ...
第 59 頁
... equilibrium allocation is characterized by ( 2.7 ) – ( 2.9 ) . The difference between these two allocations can be seen in ( 2.2 ) and ( 2.8 ) . Since 1/80 , a monetary equilibrium allocation cannot satisfy the requirement for the ...
... equilibrium allocation is characterized by ( 2.7 ) – ( 2.9 ) . The difference between these two allocations can be seen in ( 2.2 ) and ( 2.8 ) . Since 1/80 , a monetary equilibrium allocation cannot satisfy the requirement for the ...
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adjustment costs aggregate Asian assumed b₁ banks blue crab budget constraint capital coefficient cointegration consumption convex crisis customer market denotes dynamic elasticity equation estimated exchange rate exogenous expenditure tax F-Statistics factor price Figure foreign exchange market growth Hanyang University health-related investment HKAB Hong Kong Hong Kong dollar implies incentives increase individual Industrial Policy Industry Promotion Law inflation interest rate intrinsic bubbles IPI transition Journal of Economic labor marginal cost maximize mentor mentor/protege relationship menu cost migration mold industry monetary base money demand money supply natural production function optimal tax outliers output paper Pareto-improving transition partners period price adjustment price level production function proteges quadratic quit threat regression response returns to scale sector shocks significant SME policy SN(t Statistics Table tax rates tax steady tax system theorem tion utility function variable velocity welfare y₁ YDEV zero