Adjustment Cost
Skill Formation, Capital Adjustment Cost and Wage Inequality
... The present paper develops a three-sector general equilibrium model for examining the outcomes of an infrastructure development scheme of the government to the education sector and inflows of foreign capital on the ...
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Incomplete Price Adjustment and Inflation Persistence
... price adjustment cost reduces the contemporaneous correlation, leading to a better fit of the data by the ...increased cost of price adjustment causes a slower and more gradual response of ...
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Is Harrod neutrality Needed for Balanced Growth? Uzawa's Theorem Revisited
... with adjustment costs; Section 3 presents several examples of adjustment cost functions and analyzes their specific requirements; Section 4 specifies the prerequisite of the Uzawa theorem and its ...
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Financial frictions and the role of investment-specific technology shocks in the business cycle
... of borrowing constraints, investment shocks become more volatile but less persistent. Risk premium shocks, however, are estimated to be less volatile but more persistent. Introducing borrowing constraints also lowers the ...
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Do investment specific technological changes matter for business fluctuations? Evidence from Japan
... investment adjustment cost shocks rather than IST ...the adjustment cost ...investment adjustment cost shocks in our model, is the main driving force of aggregate ‡uctuations ...
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Profitable Bayesian implementation in one shot mechanism settings
... In the mechanism design theory, a designer would like to implement a desired social choice function which specifies her favorite outcome for each possible profile of all agents’ types. Traditionally, the designer may be ...
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General Equilibrium Model of Arbitrage Trade and Real Exchange Rate Persistence
... quadratic adjustment cost if they change their vol- ume of trade from one period to the ...next. Adjustment costs arise from additional legal and infrastructure expenses or search costs, and are ...
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Present value relations, Granger non causality and VAR stability
... A new approach for estimating and testing the linear quadratic adjustment cost model under rational expectations and I1 variables, Journal of Economic Dynamics and Control 26, 117-139.. [r] ...
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Implications of lump sum costs for empirical design in corporate finance research
... of adjustment costs. Specific assumptions regarding the nature of adjustment costs lead to particular predictions about corporate behavior and the way it can be mod- ...(non-convex) adjustment costs ...
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Labor Costs and Marginal Intra Industry Trade: The Thailand Experience
... reduce adjustment costs due to trade expansion and changes in trade compared to inter-industry ...market adjustment cost, in view of the changes in Thailand’s pattern of trade over the post-1990 ...
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A Virtual Grid Based Dynamic Routes Adjustment (VGDRA) Scheme for Wireless Sensor Networks Based on Sink Mobility
... approach, dynamic network topology is used because the mobile sink keep on changing its position thus for efficient data delivery, nodes should keep the track of latest position of mobile sink. In virtual structure, just ...
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BCZ JME PUB
... the adjustment cost is proportional to income, adjustment is more costly for the high income group than for the low income ...to adjustment will also depend on mean income through the size of ...
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A Note on the Investment Enhancing Effect of a Depreciated Real Exchange Rate
... This paper presents a mechanism through which a depreciated real exchange rate can lead to a higher investment rate. In an intertemporal framework, it shows that a depreciated real exchange rate can make the tradable ...
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Holiday Price Rigidity and Cost of Price Adjustment
... price adjustment in the ...with cost of price adjustment, and demonstrate that if the downstream price adjustment cost ...menu cost) is higher than the upstream price ...
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The taxation of foreign profits : a unified view
... a cost of adjustment for the mobile ...the cost of incurring a convex cost of adjustment in addition to the market price of the ...this cost of adjustment is zero, there ...
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Cost Control of the Transmission Congestion Management in Electricity Systems Based on Ant Colony Algorithm
... the cost control problem of congestion management model in the real-time power ...congestion cost model is built by introducing the congestion factor in dealing with the cases: opening the generator side ...
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Employment fluctuations in a dynamic model with long term and short term contracts
... no adjustment cost case are shown in Table ...no adjustment cost ...no adjustment cost case are more volatile than that of the baseline ...The adjustment cost plays ...
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3D NON-INVASIVE INSPECTION OF THE SKIN LESIONS BY CLOSE-RANGE AND LOW-COST PHOTOGRAMMETRIC TECHNIQUES
... On the reference ring (Fig. 2) the Cartesian (X,Y,Z) coordinates of the control points and check points have been measured by using a digital gauge at approximately 10 micron accuracy. The accuracy of the calculated ...
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Non-base wage components as a source of wage adaptability to shocks: evidence from European firms, 2010–2013
... Next, we explore the effect of various types of negative shocks on wage adjustment. We include the strength and persistency of the demand shock, which gives us four different categories of negative demand ...
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STUDY OF CO RELATION OF SELF CONTROL AND ADJUSTMENT OF M ED STUDENT
... Right from birth of a child every parent tries to teach self-control to their baby. The reason behind it might be, they think that this self-control will help their child in many areas of life. The most important thing ...
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