Sentence examples for partial equilibrium version from inspiring English sources
It is also worth emphasizing that our model test involves a direct test of a partial equilibrium version of the model.
If search intensity were fixed, then the transition rate from IA to work should remain unchanged once the SSP is introduced in the partial equilibrium version of the model (i.e., holding the wage distribution, hours, job destruction and vacancies constant).
In the partial equilibrium version of the model we consider, it is assumed earnings do not adjust to the policy change in the experiment because the number of individuals who receive the supplement is small.
It is important to emphasize that the partial equilibrium version of the model is the appropriate comparison to the experiment because the experiment only affected a small subset of the economy and as such is not expected to have equilibrium impacts, as compared to a change in policy affecting all IA recipients.
It is important to emphasize that the partial equilibrium version of the model is the appropriate comparison to the experiment because the experiment only affected a small subset of the economy and as such is not expected to have equilibrium impacts, as compared to a change in policy affecting all IA recipients. .
The parameters for the partial equilibrium version of the model include monthly Income Assistance and unemployment benefits (b a and b u, respectively), the wage profile, the size of the labor force (L), the vacancy rate (V/F), the job separation rate, the discount factor, and the search friction parameters (c a, c u, z).
Seeking to be practical, he applied his "partial equilibrium analysis" to particular markets and industries.
One of the stereotyped insults economists throw at one another is that a piece of analysis is "partial equilibrium".
We focus on the partial equilibrium effects.
Third, partial equilibrium welfare calculations are extremely poor predictors of their general equilibrium counterparts.
