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They, rather than their leaders, were the movers of the world, and they were fundamentally moral beings.
At the risk of over-simplifying, one can say that single movers and servant movers were practically the same individuals.
In such instances, first movers will often be able to impose their preferred cooperative outcome.
First, money only partially resolves the limited communication problem by facilitating the consumption for some agents (movers) that would otherwise be impossible.
In sum, the movers consume a portion of the current deposits and therefore such portion cannot be stored.
Recall that a banking crisis occurs whenever movers receive a lower return on their deposits than do nonmovers.
One action that is always feasible is to give all cash reserves to movers and the return from all investment to nonmovers.
The followers have to adjust their strategy and development constrained by the first mover's decision.
In the limited communication environment, money exists to facilitate consumption by the movers.
They may choose just enough cash reserves to give to only movers or, at another extreme, reserve all of their deposits as cash.
In fact, by 1997, only four states, which had all also been early movers to annual sessions, were in session for more than half 33.
As these specialised machines were normally both stationary and operated inside buildings, prime movers could supply power via shafting or belts.
The migration reversal is as pervasive across the socio-demographic characteristics of movers as it is across regions.
Only in the 15-24 age group, and among men in particular, movers are richer than stayers.
Goods market equilibrium requires that the remaining endowment y - h - s be given to movers from gross return on money reserved for them.
