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RDP 1999-02: Reservations Wages and the Duration of Unemployment
Equation
E
(
log
t
i
|
θ
i
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=
∫
0
∞
log
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s
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p
i
(
s
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d
s
=
∫
0
∞
log
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s
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θ
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e
−
θ
i
s
d
s
=
−
c
−
log
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θ
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)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@7313@