| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1132 |
| 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 |
| URL | https://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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