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 … exist, and separating equilibrium does not involve any inefficiency. [Working Paper No. 2010-016]. …

, which in turn adversely aects the rm's ability to signal through price. Consequently, the separating equilibrium (in price …) does not always exist. Instead, the authors get a semi-separating equilibrium. Pooling equilibrium may not also exist. If …. Pooling equilibrium in wage also exists. The paper also examines whether wage or price is the preferred signalling device, and …

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 …

economics perspective, examining in particular the dichotomy between economic and social theory in explaining the nexus between …

opportunity costs, reflecting economics and tradition). It then outlines promising approaches for increasing female education. The …