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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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from the steady state under current R&D subsidization in the US, the R&D subsidy should significantly jump upwards and then … slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …
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