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.oa orb boobni 21 aidI iBib awocfa oldisT

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_____ xG x6x T6

0< o<--=- 11

Page 33: juucj - National Bureau of Economic Research2bcu1 ou s bc JOL S ?IcsqGASfrlStrou B11 ASI4SLJCG 5J20 !IJCLGS2G2 t}JG swonur o rnccscq ASu&IJcG ou t!uJJ ctiU O IIJ GtGL LGCtOW H!PL AJLJ&UCG

= 0ôô 2G= 00003

= =

9 = JQt =

r° fpooq = -J8Q1880 OpGLAriou2

tx(y) x(y)+ c_ = ( )+—(9+*qnuJ)+

rnq iiuqp (x°)

= N8T8Q =

2 = T3T0 = TôQ•5

5FO flJjrpooq =80 OpLArOu

c(y) c(y)x + = + + 'qnuJ) + C

'rqrp (xO)

2 = 8t = TQ3RQ

Fro r'cjpooq =80 OCL.MflJOIJ

0 x(y) a(y)x +J T Y2

9iJ /iuqqi (cO)

OL rnq jqtp iuq L!WC 0IJLVBFE Ef!W!OUObLUJCGL2 JU EXCf 2bCC!UC1UOIJ

Page 34: juucj - National Bureau of Economic Research2bcu1 ou s bc JOL S ?IcsqGASfrlStrou B11 ASI4SLJCG 5J20 !IJCLGS2G2 t}JG swonur o rnccscq ASu&IJcG ou t!uJJ ctiU O IIJ GtGL LGCtOW H!PL AJLJ&UCG

tJ 0ö811 = 0•01

ro JIjCGJ!pOOq =Q go opwuou

d = = 308

= + 0)

L!WG Oh BG

= 100 —

= gj ac =jF0 pJ(cJJpooq = 85R180 OpI.MmOLJ

= Ccx(y)xo + (0' Y° = 100— dS

L!WC °' b

Y = 00005 = 00000T

9 = ÔOJUO =

ro r!JJ!p°°q =zf' 80 OLAO1J2 _______________________________

o x(y) ____x + Gcx(y= (j )++

uq uqp (xO)

Page 35: juucj - National Bureau of Economic Research2bcu1 ou s bc JOL S ?IcsqGASfrlStrou B11 ASI4SLJCG 5J20 !IJCLGS2G2 t}JG swonur o rnccscq ASu&IJcG ou t!uJJ ctiU O IIJ GtGL LGCtOW H!PL AJLJ&UCG

Y = O.OOOt 2C =

ro JJcGJJpooq =go opufliou2

+ (0

°'J

Page 36: juucj - National Bureau of Economic Research2bcu1 ou s bc JOL S ?IcsqGASfrlStrou B11 ASI4SLJCG 5J20 !IJCLGS2G2 t}JG swonur o rnccscq ASu&IJcG ou t!uJJ ctiU O IIJ GtGL LGCtOW H!PL AJLJ&UCG

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0

Page 37: juucj - National Bureau of Economic Research2bcu1 ou s bc JOL S ?IcsqGASfrlStrou B11 ASI4SLJCG 5J20 !IJCLGS2G2 t}JG swonur o rnccscq ASu&IJcG ou t!uJJ ctiU O IIJ GtGL LGCtOW H!PL AJLJ&UCG

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Page 38: juucj - National Bureau of Economic Research2bcu1 ou s bc JOL S ?IcsqGASfrlStrou B11 ASI4SLJCG 5J20 !IJCLGS2G2 t}JG swonur o rnccscq ASu&IJcG ou t!uJJ ctiU O IIJ GtGL LGCtOW H!PL AJLJ&UCG

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Page 39: juucj - National Bureau of Economic Research2bcu1 ou s bc JOL S ?IcsqGASfrlStrou B11 ASI4SLJCG 5J20 !IJCLGS2G2 t}JG swonur o rnccscq ASu&IJcG ou t!uJJ ctiU O IIJ GtGL LGCtOW H!PL AJLJ&UCG

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Page 40: juucj - National Bureau of Economic Research2bcu1 ou s bc JOL S ?IcsqGASfrlStrou B11 ASI4SLJCG 5J20 !IJCLGS2G2 t}JG swonur o rnccscq ASu&IJcG ou t!uJJ ctiU O IIJ GtGL LGCtOW H!PL AJLJ&UCG

xibn3qqA

:oi Iup i (8) ni noiJ3rluI (0x) 3th 8I-44 .qq ,(8Q1) nothiH gth2U

o � 0 (O)1 —

(0x)1 = (0x) (IA)

m31O3fIi 'ithdijq gniau ,dw

ib[('x —

1x)] a4= [ib (x —

,x)3l }, (0x)I (CA)

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+ n.x — + + — = — ,x)13 (EA)

:vi (LA) oini (LA) niiuiiiadua

ibi + MCx —

0x)]+ ib UjL1 i4 + ib ('x

— 0x)= (0x)I (A)

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t +i4(x— 0x) £(*x_ 0x) =(0x)1 (A)

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— )

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Page 41: juucj - National Bureau of Economic Research2bcu1 ou s bc JOL S ?IcsqGASfrlStrou B11 ASI4SLJCG 5J20 !IJCLGS2G2 t}JG swonur o rnccscq ASu&IJcG ou t!uJJ ctiU O IIJ GtGL LGCtOW H!PL AJLJ&UCG

(v8) (o)= t ÷--+ y y _______311 o[- ÷ +

(Q —

(vx) =*

+ + a[1— +x ) 31i

+( — x0tT)