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A Theory of Employment Systems considers why there are such great international differences in the way employment … out by 'globalization', it sets out from the theory of the firm first developed by Coase and Simon, and explains why firms …
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This paper develops a model of search on the labour market with training. The model reveals how the tax system can restore the social optimum if the Hosios condition is not satisfied in the private equilibrium. Furthermore, the effects are explored of a second-best reform from average to...
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