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作者：Miyagiwa, K; Ohno, Y
作者单位：Kobe University; Louisiana State University System; Louisiana State University; Rice University
摘要：In recent trade policy debates it is often argued that temporary protection stimulates innovation. This paper shows that the validity of the argument depends on the perceived credibility of protection policy. If it is suspected that temporary protection will be removed early should innovation occur before its terminal date, the protected firm invests less in R&D than it does under free trade. If it is expected that protection will be extended should no innovation have occurred by its terminal ...
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作者：Robinson, JA
作者单位：University of Southern California
摘要：This gaper provides a theory of strikes as part of a constrained efficient enforcement mechanism for an implicit contractual agreement. A firm possessing contemporaneously private information about demand engages in an enduring relationship with its workforce. If the information becomes perfectly observable subsequently, then, module discounting, the first-best is implementable, but strikes are always off the equilibrium path. If the observations of the workforce are imperfect strikes occur in...
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作者：Xie, X
作者单位：Chinese University of Hong Kong
摘要：This paper produces three main results in a two-country model where learning is generated through interactive production. First, it endogenizes the incidence of international spillovers and consequently, integrates the convergence and divergence literature of endogenous growth. Second, it qualifies the notion of 'the advantage of backwardness' and shows that a large technology gap may reduce cross-country spillovers. Third, it points out that besides the already recognized 'contagion effect,' ...
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作者：Cheng, LK; Tao, ZG
作者单位：Hong Kong University of Science & Technology; University of Hong Kong
摘要：It has been shown under the assumption of linear R&D technology that a government subsidy to imitative (innovative) R&D decreases (increases) imitative effort but increases (decreases) innovative effort, and that strengthening the enforcement of patent laws leads to a decrease in innovative R&D but to an increase in imitative R&D. By replacing the linear R&D technology with a sufficiently convex R&D technology, we have shown that the counter-intuitive results are reversed. In the case of linea...
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作者：Gomme, P
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Cleveland; University of Quebec; University of Quebec Montreal; Universite de Montreal
摘要：Empirically, real wages exhibit relatively little cyclical Variation and a weak cyclical pattern. Early real business cycle (RBC) models predict, to the contrary, large, procyclical real wage movements. Incorporating efficiency wages into a RBC environment would seem promising since one prediction from the efficiency wage literature is real wage rigidity. This paper evaluates a common microfoundation for efficiency wages, the shirking model, with respect to its predictions for rear wages withi...
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作者：Hartwick, JM; Van Long, N
作者单位：Queens University - Canada; Universite de Montreal; McGill University
摘要：We investigate economic depreciation of natural capital for cases of nonstationary output prices, technology, and interest rates. For the former two cases (exogenous movements in prices and technology), constant consumption emerges under a strategy of investing to cover off economic depreciation. The interest rate case requires a modified sinking fund strategy.
