This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by … in a way that favors the most profitable firm types. Selection may be inadequate because firms are being selected on the … basis of incorrect market signals. Selection itself may reinforce such mispricing, thus generating instability. I compare …

The proficient Human Resource Management of employees and their contribution to small business is commonly accepted as … contributing to Australia’s future prosperity (Schaper, 2000). Effective recruitment, selection and retention of employees are part … of the employment relationship and can enhance work performance and contribute to business success (Compton and Nankervis …