THE TRADE-OFF (SOCIAL WELFARE) FUNCTION
The Happiness Trade-Off between Unemployment and Inflation
... Section 1 considers the different approaches that have been developed to deal with welfare losses associated with inflation and unemployment, first by macroeconomists and then by researchers into subjective well-being. ...
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Is the Quantity-Quality Trade-off a Trade-off for All, None, or Some?
... of the QTEs are negative at nearly every quantile below roughly the 90 th quantile in figures, the estimates are rarely statistically significant. The exception is for quantiles between then 20 th and 50 th quantiles ...
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The Trade-Off between Wages and Employment in Trade Union Objectives
... One way of implementing the model of unionism outlined above is to posit particular functional forms for the union's objective function, equation (2), and for the firm's labor demand fun[r] ...
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CiteSeerX — There is a riskreturn trade-off after all,”
... weighting function also determines the amount of data effectively used to estimate the conditional variance thereby controlling the statistical precision of the ...the function decays slowly, a large number ...
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Capital Structure and the Profitability-Liquidity Trade-off
... Conventional guidance on capital structure has emphasized the trade-off between profitability and liquidity as a function of capital structure decision. Evidences from this study depart from this ...
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On the (not so) constant proportional trade-off in TTO
... Given the importance of loss aversion in the TTO [3, 9], we hypothesize that a possible explanation for the varia- tion in findings and, therefore, for a general relationship between health state duration and health ...
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The CVA trade off: Capital or P&L
... 3.1.1 Monte Carlo method Monte Carlo simulation is based on the risk-neutral approach. By gener- ating a large number of random price paths via simulation a distribution function of possible outcomes is generated. ...
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An Optimized Trade off Decomposition Steganography Algorithm
... Fig. 1. The MFs of the fuzzified input and compressed color range for the secret image 2.2 Image decomposition The fuzzified secret-message and the cover-image are decomposed and then embed the coefficients together, The ...
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Centralization Trade-off with Non-Uniform Taxation
... Here we will assume the case where the representatives agree to the public goods allocation that maximizes their joint surplus, i.e. their behavior can be described by the utilitarian bargaining solution. This means that ...
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The trade-off between incentives and endogenous risk
... 2 The Model The principal delegates the management of the Þrm to the agent, whose effort can affect the probability distribution of the proÞts. Let e be the vector of efforts and z be the proÞts, with normal distribution N ...
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Modelling the trade off between profits and principles
... goal function of the company and model the trade-off between this ethical concern against (long-term) ...goal function therefore enables us to analyse the impact of this interest on the ...
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Centralization Trade-off with Non-Uniform Taxes
... bargaining solution. This means that each representative now maximizes the same utility function as the others. They agree to form a coalition where everybody will have a weight in the decision making process, not ...
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Democracy and trade: a gentle trade off
... general trade restriction (from a country X) or an individual country A may prefer to weaken/suspend its trade linkages with a country Y so as to force Y into a certain attitude, which is by definition ...
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The "Utility" Of The Time Trade-Off Method In Cancer Patiens: Feasibility And Proportional Trade-Off
... Some patients made remarks pertaining to the TTO method that offer insight into the acceptability of the method and the wide variation in scores (see Appendix). A[r] ...
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A trade-off in corporate diversification
... benefit trade-offs, whether their existing operations generate large or small free cash ...the trade-off ...publicly trade targets, 86% of our much more comprehensive sample involves unlisted ...
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Evolving Phillips trade-off
... Phillips trade-o did not exhibit any peculiar qualitative feature, so that, when seen through these lenses, the 1930s only stand out because of the sheer size of the macroeconomic ...
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A poverty-inequality trade-off?
... However, the evidence for China does not offer much support for the view that rising relative inequality has facilitated the country’s rapid poverty reduction. Two empirical facts lead one to question the view that China ...
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On the efficiency-legitimacy trade-off in EMU
... 9 by De Haan, Amtenbrink and Eijffinger (1998), the trade-off between central bank independence and accountability does not exist in the longer run. A central bank that continuously conducts policies that ...
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On the efficiency-legitimacy trade-off in EMU
... From a normative perspective it can be argued that legitimacy cannot be reduced only to performance. Notwithstanding such normative objections, some output legitimisation, for example through a well-functioning Economic ...
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Trade-off Analysis in Web Development
... The first issue is the one about the less constructive communication from the groups using QFD in the experiment. We did not expect this to happen as we believe that performing a trade-off analysis with QFD ...
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