I guess I have to come out to reply to those who concern with the nature rate of unemployment First, What is the natural rate of unemployment? It is assumed to be the unemployment rate at the steady state or equilibrium. Note that equilibrium here is not referred to the common
Nobel Lecture december 13. 1946 The history of the discovery of the exclusion principle m, for which I have received the honor of the Nobel Prize award in the year 1945, goes back to my students days in Munich. While, in school in Vienna, I had already ob- tained some knowledge of classical physics and the then new Einstein rel- ativity theory, it was at the University of Munich that I was introduced by Sommerfeld to the structure of the atom- somewhat strange from the point of view of classical physics. I was not spared the which every
Introduction These notes essentially tie up a few loose ends in Lecture 8; in particular, I exhibit examples of inefficiencies in first- and second-price auctions. I would also like to briefly comment on Questions 1 and 2 in Problem Set 2 The first-price auction may be inefficient even with private values Both examples I am going to show are due to Eric Maskin(to the best of my knowledge) The first point I wish to make is that, even in a private-values setting, asymmetries may
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fiberfibre光纤,纤维 emerge[i'm:d]ⅵ.出现,形成,浮现 emergence[i'm:3ns]n.浮现,出现 haul[h:1jvt.用力托;n.拖,拉,拖运的距离 long-haul长运距的,长途的 trunk[tr∧k]n.干线,中继线,中继线路,局内线 dominate[' d om i ne i t]vt.支配,统治;处于支配地位
1. Have you or your friend ever been cheated by a manufacturer? Describe your experience to your partner. Reference: Yes. Last year I planned to buy a computer so I could surf the net. I want to find a cheap one that's attractive and eas sy to use. I found
1. Whatever happens is determined by prior events. (Determinism) 2. I act freely iff I am able to act otherwise. (Avoidability Analysis of Freedom) 3. If my action is determined, am unable to act otherwise. 4. So, I never act freely. I. Consider(1): Determinism:
