In this paper, we introduce the asymmetric information a la Kennan in the Hall-Milgrom framework so as to replicate the elasticity of the real wage with respect to labor productivity found by Hagedorn-Manovskii (0.5). We believe that the empirical real wage stickiness results from the rigidity of the two bounds of the bargaining set. The Hall-Milgrom model, by only making the lower bound less f...

Elastin is an extracellular-matrix protein that imparts elasticity to tissues. We have used solid-state NMR to determine a number of distances and torsion angles in an elastin-mimetic peptide, (VPGVG)3, to understand the structural basis of elasticity. C-H and C-N distances between the V6 carbonyl and the V9 amide segment were measured using 13C-15N and 13C-1H rotational-echo double-resonance e...

japan, known as a pro-choice country in terms of abortion, is currently facing the increase of “selective abortions” thanks to new prenatal screening. efforts to restrict proliferation of new technology has not been successful and it is likely that japan will turn pro-life by strictly enforcing the maternity protection act (mpa), which prohibits abortions due to “fetal cause”.

We present a general equilibrium model of monopolistic competition with variable demand elasticities and investigate the impact of free trade on welfare and efficiency. First, contrary to the constant elasticity case, in which all gains from trade are due to increasing product diversity, our model features gains from pro-competitive effects. Second, we show that the market outcome is not constr...

The paper examines the income elasticity of electric power consumption power (YEEPC) in Africa. This study constitutes the first attempt to explore the relationship between electricity consumption per capita and real GDP per capita for 16 African countries in a panel dimension over the period 1971 – 2002. Bi-directional causality exists and all tests support a long run relationship between the ...

â â â  â  zahra zamani [1] â â  seyed komail tayebi â  department of economics, university of isfahan, iran â â department of economics, university of isfahan, iran â â â  abstract â  international trade causes that markets to become more competitive and small-medium sized enterprises (smes) learn to compete effectively within this increasingly competitive global market place. smes are able to ...

This paper studies the distributional impacts of optimal carbon taxation on fossilfuels owners. We show that optimal carbon taxation can increase the pro ts of owners of a carbon-emitting exhaustible resource. Such phenomenon contrasts with claims from fossil-fuels owners especially from OPEC member countries that carbon taxation will undermine their pro ts. We build a theoretical model of reso...

In this talk I assert that the usual interpretation of what one means by “elasticity” is much too insular and illustrate my thesis by introducing implicit constitutive theories that can describe the nondissipative response of solids. I show that response which was hitherto untenable within the context of Cauchy or Green Elasticity are not only possible, they can explain phenomena that have thus...

abstract the feminist movement in the united states like other countries has tried to establish equality for women. from the first attempts to gain constitutional right for vote, up to the current radical demands, feminists have struggled to make changes in the u.s. party politics and obtain their rights within the parties. one of the important issues in which women played a key role in party p...