, 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 …

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 …

countries. It also compares and contrasts equilibrium environmental standards and levels of pollution, local and global, with …

This paper compares and contrasts equilibrium outcomes under right-to-manage bargaining (RTM) and efficient bargaining …

selected plantation commodities (coffee, tea and pepper) in India. Partial equilibrium modeling approach (SMART model and …

health care expenditure on hospitalization. About a third of the hospitalized patients either borrow money or sells assets to …