Sentence examples for incomplete capital from inspiring English sources

As shown in the mathematical appendix, the real wage elasticity in (37) must be negative as long as there is incomplete capital adjustment25.

As long as there is incomplete capital adjustment (λ> 0), therefore, the wage elasticity will be negative if (1 − δ − η) > 0.

In other words, even after allowing for a full response by all consumers in the product market, the wage effect of immigration will be negative if there is incomplete capital adjustment and if it is easier for consumers to substitute among the available goods than it is for producers to substitute between labor and capital.

We use a dynastic heterogeneous-agent model that includes a continuum of infinitely-lived rational agents who are hit by idiosyncratic wage shocks in an incomplete capital market, following seminal works by Bewley (1983), Imrohoroglu (1989), Huggett (1993) and Aiyagari (1995), among others.

Drawing on research that aims to separate the effects of different kinds of capital, they calculate that the gain up to now from even the limited access to international capital these countries have enjoyed might be about the same.If the gains from (incomplete) capital-market integration really are as big as that, they would be worth the price of a financial crisis or two.

ASP directly addresses barriers to regular attendance by adolescent girls, including lack of friends, play and social capital, incomplete homework, and the onset of menstruation.

Discussing the financing of new ventures under asymmetric information between entrepreneurs and financiers, Shane and Cable (2002) considered that the explanations provided by economists (e.g. self-selection through signalling, the allocation of property rights or the staging of capital) are incomplete for at least two reasons.

Until it does that, however grand the football cathedrals it boasts, any claim to be the game's global capital will be incomplete.

Particularly, the above mentioned functional expression 'the capital of' remains incomplete until applied to some name.

In this paper we explore what happens if the government bears some of the risk through a profit tax when the risk sharing in the venture capital market is incomplete due to non-observability of effort and moral hazard.

They have to underwrite with incomplete data while their cost of capital is also higher.