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Jørgen Drud Hansen Hassan Molana Catia Montagna Jørgen Ulff-Møller Nielsen 《Journal of Socio》2012,41(3):317-326
We examine how openness interacts with the coordination of consumption–leisure decisions in determining the equilibrium working hours and wage rate when there are leisure externalities (e.g., due to social interactions). The latter are modelled by allowing a worker's marginal utility of leisure to be increasing in the leisure time taken by other workers. Coordination takes the form of internalising the leisure externality and other relevant constraints (e.g., labour demand). The extent of openness is measured by the degree of capital mobility. We find that: coordination lowers equilibrium work hours and raises the wage rate; there is a U-shaped (inverse-U-shaped) relationship between work hours (wages) and the degree of coordination; coordination is welfare improving; and, the gap between the coordinated and uncoordinated work hours (and the corresponding wage rates) is affected by the extent and nature of openness. 相似文献
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Paul Montagna 《Theory and Society》1986,15(1-2):103-138
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Montagna Silvia Orani Vanessa Argiento Raffaele 《Statistical Methods and Applications》2021,30(2):573-604
Statistical Methods & Applications - In professional tennis, it is often acknowledged that the server has an initial advantage. Indeed, the majority of points are won by the server, making the... 相似文献
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