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would provide longer run earnings replacement. However, while the magnitude of the losses is relatively clear, the theory of … displacement induced losses through the lens of specific human capital theory, and there is considerable empirical support for that …
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Under American or Dutch law, employees who leave the firm earlier than expected do not have to compensate the employer for lost profits in most cases. This conflicts with the general view in law and economics scholarship that the expectation measure is the superior remedy. We argue that the...
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