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By Michael Reutter

This ebook used to be accredited in 1999 as doctoral thesis (Dr. oec. publ. ) through the college of economics of the Ludwig-Maximilians-Universitat in Munich. It received the dissertation fee of the Alumni-Club of the economics school within the educational 12 months 2000. monetary tips via the German examine Asso­ ciation (DFG) for printing bills is gratefully stated. i need to thank the folk at the back of the B\'IF,X-project, specifically Donald Knuth and Leslie Lamport, for his or her magnificent typesetting application. The supervisors of my thesis have been Prof. Dr. G. Flaig and Prof. Dr. D. Marin. i need thank either for his or her thorough analyzing of the ebook and their rules and significant comments. lowe a lot gratitude to my educational instructor Prof. Dr. G. Flaig for lots of insightful conversations approximately smooth time sequence econometrics, asymptotic conception and knowledge difficulties. His empha­ sis on transparent thought mixed with sound econometric tools shaped my own excellent of the way to do utilized economics. After he left the college in 1998I had the chance to proceed my paintings on the middle for fiscal stories. Prof. Dr. H. -W. Sinn and my new colleaguesat CES supplied a stim­ ulating atmosphere for the of entirety of my dissertation. ultimately, i need to thank my mom and dad, my sister and my neighbors for being there and sharing my cheers and concerns. Munich, October 2000 Michael Reutter Our major quandary in philosophy and in technology can be the hunt fortruth. Justification isn't really an objective; and brilliance and cleverness as such are boring.

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Extra resources for A Macroeconomic Model of West German Unemployment: Theory and Evidence

Sample text

Yu 3 S. Since S is closed and d-comprehensive and the real line is connected there exists exactly one Ym with Yt « Ym « Yu, Ym E S, Ym = tp + d for some t > 0 and {y I Y » Ym 1\ yES} = 0. 30 in Peters (1992), p. 76f. to the extended allocation set. 1 Let ¢ : H N -t ]RN be a bargaining solution. Then ¢ satisfies HOM, SMON, WPO, and SIR if and only if it is proportional. 30 in Peters (1992) goes through for this case with minimal changes. Because of HOM it is sufficient to analyze a game with d normalize to zero.

4) the Pareto optimal subset of S. 2 The Allocation Set As noted above, I consider only the right-to-manage model of bargaining here. A short discussion of the proportional solution in the framework of an efficient bargaining model can be found in McDonald and Solow (1981). In this model the possible allocations are given by all combinations of (1r , U) for different wages w > O. As before, the disagreement point d is assumed to be normalized to (0,0)'. This is innocuous because both solution concepts covary with additive transformations: ¢(a + S, a + d) = a + ¢(S , d) Va E jRN .

For every fJ < 1 there exists an € with fJaVf c S, where a is defined by ep := ¢P(S). By SMON and HOM ¢(S) ~ ¢(fJaVf) = fJ¢P(S). Letting t 1, statement 1 follows. Statement 2 follows immediately from 1. To show 3, for j3 E IR with j3 > 1, let St3 := com(SU {j3¢P (S)}, 0). Then S C Sf3 , ¢P(Sf3) E P(Sf3) . So by 2, ¢P(St3) = ¢(Sf3), and by SMON, ¢(S) ~ ¢P(Sf3). j.. 1, Statement 3 follows. :.... ~(w,q) - Pi - c P2 - . 8) If either union utility or profit is not monotonic, things are more complicated and it is important to investigate the shape of the bargaining set further .

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