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against the high reservation wage. The entrant observes the pre-entry price, but not necessarily the wage agreements. When … wage is not observed, contracts feature over-employment. Under separating equilibrium the low type is over-employed, and … under pooling equilibrium the high type is over-employed. But when wage is observed, pooling equilibrium may not always …
Persistent link: https://www.econbiz.de/10008520383
, which in turn adversely aects the rm's ability to signal through price. Consequently, the separating equilibrium (in price …. Pooling equilibrium in wage also exists. The paper also examines whether wage or price is the preferred signalling device, and …) does not always exist. Instead, the authors get a semi-separating equilibrium. Pooling equilibrium may not also exist. If …
Persistent link: https://www.econbiz.de/10005487717
The Fisher's equation has become a foundation stone of modern macroeconomic, monetary and financial theories. Here it is shown that despite the estabilished status of Fisher's equation, it stands on a rather shaky foundations. URL:[http://www.gipe.ac.in/pdfs/working%20papers/wp24.pdf].
Persistent link: https://www.econbiz.de/10009319324
It is argued that that both the Sraffians’ interpretation based on the classical notion of centre of gravitation as well as the neoclassical interpretation based on the supposedly implicit assumption of constant returns to scale are incorrect [GIPE WP].
Persistent link: https://www.econbiz.de/10005528367
countries. It also compares and contrasts equilibrium environmental standards and levels of pollution, local and global, with …
Persistent link: https://www.econbiz.de/10005696031
This paper compares and contrasts equilibrium outcomes under right-to-manage bargaining (RTM) and efficient bargaining …
Persistent link: https://www.econbiz.de/10009002293
selected plantation commodities (coffee, tea and pepper) in India. Partial equilibrium modeling approach (SMART model and …
Persistent link: https://www.econbiz.de/10008620631
Statement by Dr. Raghuram Rajan on taking office on September 4, 2013. [RBI Press release].
Persistent link: https://www.econbiz.de/10010945264
An analysis of the ability of employers to provide care and attention as a way to motivate their employees is done. Workers not only compare their wages, as pointed out in previous literature, but also compare the socio-emotional resources provided by their employer. This provides important...
Persistent link: https://www.econbiz.de/10010945280
survey brings out the growing links between money and FX markets, the sophistication and variety of participants and …
Persistent link: https://www.econbiz.de/10005077865