operative outline concentrates on the role of instrumental freedoms and institutions, and it is based on the traditional themes … instrumental freedoms. We eventually map each set of variables in order to point out how instrumental freedoms and institutions …

We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical … institutional framework that shows how institutions affect efficiency, we apply this framework to the real world. An empirical … analysis of institutions affecting training markets will enable us to determine the institutional efficiency of these markets …