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In labour economics, Shapiro–Stiglitz theory of efficiency wages (or Shapiro–Stiglitz efficiency wage model) [1] is an economic theory of wages and unemployment in labour market equilibrium. It provides a technical description of why wages are unlikely to fall and how involuntary unemployment appears.
Robinson was born on August 18, 1968, in Greensboro, North Carolina, as the ninth of ten children. [12] [13] Robinson has said that his father was abusive and alcoholic, and that he and his family suffered from domestic violence; Robinson and his siblings lived in foster care for part of their childhood, before moving back in with their mother, who worked as a custodian.
[3] [4] Their work borrowed heavily from the theoretical and mathematical ideas found in John Burr Williams 1938 book "The Theory of Investment Value," which put forth the dividend discount model 18 years before Gordon and Shapiro. When dividends are assumed to grow at a constant rate, the variables are: is the current stock price.
The trade-off theory of capital structure is the idea that a company chooses how much debt finance and how much equity finance to use by balancing the costs and benefits. The classical version of the hypothesis goes back to Kraus and Litzenberger [ 1 ] who considered a balance between the dead-weight costs of bankruptcy and the tax saving ...
1883 is an American Western drama miniseries created by Taylor Sheridan that premiered on December 19, 2021, on Paramount+.The series stars Tim McGraw, Faith Hill, Sam Elliott, Isabel May, LaMonica Garrett, Marc Rissmann, Audie Rick, Eric Nelsen, and James Landry Hébert.
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