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Additionally, assume there is a cost C associated with migrating from country 0 to country 1 and workers know all parameters and their own realization of e 0 and e 1. Borjas then uses the implications of the Roy model to infer something about what wages for immigrants in country 1 would have been had they stayed in country 0 and what wages for ...
Asymmetric price transmission (sometimes abbreviated as APT and informally called "rockets and feathers" , also known as asymmetric cost pass-through) refers to pricing phenomenon occurring when downstream prices react in a different manner to upstream price changes, depending on the characteristics of upstream prices or changes in those prices.
Investment theory, which is near synonymous, encompasses the body of knowledge used to support the decision-making process of choosing investments, [4] [5] and the asset pricing models are then applied in determining the asset-specific required rate of return on the investment in question, and for hedging.
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Louviere (marketing and transport) and colleagues in environmental and health economics came to disavow the American terminology, claiming that it was misleading and disguised a fundamental difference discrete choice experiments have from traditional conjoint methods: discrete choice experiments have a testable theory of human decision-making ...
The economics of discretionary behavior: nonpecuniary objectives in the theory of the firm (1963) Oliver Eaton Williamson (September 27, 1932 – May 21, 2020) was an American economist , a professor at the University of California, Berkeley , and recipient of the 2009 Nobel Memorial Prize in Economic Sciences , which he shared with Elinor Ostrom .
A Missouri man has been arrested after handing himself in over the murder of his 75-year-old father, according to police. Jeffrey Goedde, 41, arrived at the Jefferson County Sheriff’s Office in ...
Kentucky basketball opened SEC play with a big win at Rupp Arena. Mark Pope's Kentucky Wildcats slowed Florida, handing the Gators their first loss.