0 since obviously B
0.
[97] Proponents for the NIT generally don’t understand that home partners produce something, and could be taxed for that.
[98] My thoughts this were stimulated by Ate Nieuwenhuis’s research on oligopoly.
[99] Note that this ‘dynamic M’ concept differs from the ‘dynamic marginal’ concept. Note too that these concepts are only defined for M.
[100] Holland provides an empirical example. The real wage index rose from 1 in 1950 to 3.7 in 1980, and has been stagnant since then. But there have been tax reductions since 1990.
[101] It is to be noted though that director C.A. van den Beld read about the vintage approach in a German article, and asked Den Hartog to further investigate it, already in the years before. The model choice was not propelled by the Oil Crises, and, indeed, the theoretical link is weak - if not to say ‘nonexistent’.
[102] Higher fuel costs also translated into a higher CPI and thus higher wage demands, giving another reason to be worried about wage costs. But this is another chain of reasoning.