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A change in the legal statute may be able to force an equilibrium if it leads to a new equilibrium which implies some revised belief which sustains the equilibrium. Tirole (1996)
Question 1 Legislature, most commonly known by the name parliament, forms the first important organ of a political organization and to hold this position it performs certain func
The fragmentation and redundancies of the U.S federal system are expensive in terms of coordination and personnel costs. Would you favor or oppose greater consolidation? Why or why
what are the principles of public debt?
State ramsey rule of optimal commodity taxation and the intuition for it
which fallacies best diiscribe this statement The restaurant in new is either buddy''s bistro or Clyde emporium
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We live in a globalized world economy. Our policy agenda, as we have discussed earlier have changed enormously to include environment, humanity in general as well as the conventio
The monetarist and fiscal controversy is still on. The recent history of the U.S. looks like a success story of the monetarists; but besides pure luck, it involved strong element o
The major economies in the world are in a deep recession although there are some signs of growth. What implications has such a recession had for international business? How have go
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