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In recent years, a school of economics called MMT (Modern Monetary Theory) has been attracting attention, but it has …
Persistent link: https://www.econbiz.de/10013219848
communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …
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communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …
Persistent link: https://www.econbiz.de/10009537710
implied by wage bargaining. -- Wage Bargaining ; Optimal Control Theory ; Right-to-Manage Model ; Numerical Solutions …
Persistent link: https://www.econbiz.de/10003486199
Should automation be regulated? This paper studies optimal tax of robot and regulation of automation. A job assignment model is embedded into a Mirrleesian tax problem. A task may either be assigned to the robot or one type of labors, which naturally determines the automation rate. The robot can...
Persistent link: https://www.econbiz.de/10014259381
A model of employer advertised vacancies for labor is presented. The model's predictions are consistent with a variety of results reported by applied studies of the durations of different types of vacancies, and with the advertising strategies used by employers. The optimal advertising policy is...
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