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With a bigger share of salaries now fixed, earnings at European investment banks will become even choppier.
In order to mimic the experimental design of the SSP, we solve the partial equilibrium model, using a fixed earnings profile, to obtain the conditional re-employment probabilities.
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Goldman does not break out its commodities trading revenue, but Mr. Viniar tried to play down concerns, saying it does not make up a significant part of the firm's fixed income earnings.
The Spanish system is a pure pay-as-you-go scheme in which contributions are a fixed proportion of covered earnings (roughly, total gross labor earnings excluding payments for overtime work and lying within an annually legislated maximum, C max, and minimum, C min, that vary based on broadly defined professional categories).
Suppose that a worker additionally enters into an imperfect information social insurance arrangement in which she pays a fixed fraction of her earnings n + ϵ (net of payments with respect to full-information ν insurance) and receives an insurance benefit that is a linear function of net income.
In its heyday, Bell Labs was funded by a fixed portion of the earnings from the nationwide telephone service, which until 1984 was a regulated monopoly.
Braavo gets paid back as "a fixed percentage of future earnings," Loranger said, so its incentives are aligned with the developers: "We only make our money back as they earn more revenue in the future".
The downgrade of MGIC's senior and short term debt ratings was attributed to the company's now higher debt to capital ratio and lower earnings to fixed costs relationship.
Repayment at a fixed percentage of future earnings could be collected by the IRS.
Player 5 was allocated $1.05 and could choose whether to pay a fixed cost ($0.05) to reduce the earnings of any of the other players by $0.15.
The government has also resisted several attempts to break up NTT's holding company, which critics say subsidizes the weaker parts of its business (like its fixed-line operations) with earnings from more profitable units (like its mobile phone division).
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