G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1132
DP1132 Central and East European Labour Markets in Transition: Developments, Causes, and Cures
Wolfgang Franz
发表日期1995-02-28
出版年1995
语种英语
摘要We analyse a model in which a government uses a second-best policy to affect the reallocation of labour, following a change in relative prices. We consider two extreme cases, in which the government has either unlimited or negligible ability to commit to future actions. We explain why the ability to make commitments may be unimportant, and we illustrate this conjecture with numerical examples. For either assumption about commitment ability, the equilibrium policy involves gradual liberalization. The dying sector is protected during the transition to a free market, in order to decrease the amount of unemployment. Our results are sensitive to the assumptions about migration.
主题International Trade and Regional Economics
关键词Adjustment costs Dynamic tariffs Markov perfection Time inconsistency
URLhttps://cepr.org/publications/dp1132
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530275
推荐引用方式
GB/T 7714
Wolfgang Franz. DP1132 Central and East European Labour Markets in Transition: Developments, Causes, and Cures. 1995.
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