Wooders, Myrna; Cartwright, Edward - In: Economics Bulletin 4 (2001) 4, pp. 1-10
The theory of equalising differences recognises that wage differentials may be required to equalise the attractiveness of alternative occupations. We examine this theory using the Conley/Wooders 'crowding types'' model. The crowding types model distinguishes between the tastes of a player and...