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In an economy with imperfect labor contracts, differences in the distribution of talent can be an independent source of comparative advantage. I study a world economy with two activities, one in which an individual's contribution to production can be measured accurately and another in which...
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eines mikroökonomische Begriffsapparates eine Theorie ehrenamtlicher Arbeit vorgestellt. Ein zentraler Punkt wird hierbei … ehrenamtlicher Arbeit zu beantworten. Die institutionenökonomische Theorie begründet dieses Phänomen mit Transaktionskostenvorteilen … theoretical concept a theory of volunteering is developed by using microeconomic terms. Asking for the individual revenues or …
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