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assumption average value productivity capacity utilization capitalist firms CATHERWOOD LIBRARY changes in labor coefficient estimates cost of living Dependent Variable distributed lag elasticity of wages empirical results enterprise net income equilibrium labor employment equilibrium levels estimated coefficients excess demand Growth of Prices growth of wages Horvat I I I import price income per worker incomes policy increases Instrumental Variables labor co-op theory labor's average value Least Squares Estimates Ljubljana Mencinger model of wage natural logarithm nonagricultural production number of workers One-quarter change ordinary least squares Phillips curve equation Phillips curve model price determination price equation prices and wages producer price index quarter change rate of change rate of growth rate of inflation realized enterprise retail price index seasonally adjusted index self-managed enterprise self-managed firm short-run target fixed wage theoretical theories of wage wage equation wages with respect WAGEt_l workers employed Yugoslav enterprise Yugoslav firm Yugoslav inflation