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Equilibrium Conditions for Catch-22 Situations

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NBER2024-12-01 更新2025-01-04 收录
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This is a paper in the ``economists ruin everything'' field. It considers whether Catch-22 situations can persist as an equilibrium phenomenon. Rather than being an arbitrary rule or a set of self-serving beliefs, the focus is on the preferences of Gatekeepers who choose to create such situations in

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2024-12-01
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