DSpace collection: 期刊論文

Rules and levels in the provision of public goods: The role of complementarities between the public good and taxed commodities

title: Rules and levels in the provision of public goods: The role of complementarities between the public good and taxed commodities abstract: This paper revisits the question of whether the second-best level of public good provision is lower than the first-best level in a standard model of public good provision with identical consumers. The role played by the complementarities between the publi

Labor productivity in the efficiency-wage model: A consideration of the firm's death rate

title: Labor productivity in the efficiency-wage model: A consideration of the firm's death rate abstract: It is inappropriate to equate the "representative firm" with the typical firm, particularly for economies which consist of small enterprises where a large number of jobs are created or disappear as establishments are born or die. If workers care about the

Was higher education a quasi-fixed factor for firms in the 1980s?

title: Was higher education a quasi-fixed factor for firms in the 1980s? abstract: The primary goal of this paper is to investigate whether firms incorporated educated workers as a quasi-fixed factor in production during the 1980s when non-wage costs became more crucial. If this scenario were true, firms would be more reluctant to lay o

Change point estimation in regressions with I(d) variables

title: Change point estimation in regressions with I(d) variables abstract: In this paper we study the least-squares change-point estimator in regressions with stationary and invertible I(d) regressors and disturbances. We find that the least-squares estimator remains consistent when there is a one-time break, but it may identify