Question: function is given by U(.) log (.). Then the markup equation (8.42) is simplified to: log w(1 - tA) = log B+sIED w= B e

function is given by U(.) log (.). Then the markup equation (8.42) is simplified to:

log w(1 - tA) = log B+sIED w= B e ED

. 1 - tA

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