The American Economic Review, Volume 86American Economic Association., 1996 Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research. |
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... at - will profit function . This result , while quite powerful , is easy to understand in light of our characterization of negotiated profits in equations ( 3 ) and ( 4 ) . Intuitively , at - will profits at any level of em- ployment n ...
... at - will profit function . This result , while quite powerful , is easy to understand in light of our characterization of negotiated profits in equations ( 3 ) and ( 4 ) . Intuitively , at - will profits at any level of em- ployment n ...
Página 205
... at - will firms over choices of n and k are illustrated in Figure 2 . As is clear , the contractual firm chooses a dis- torted capital - labor choice which underem- ploys capital and overemploys labor . Although Fnk > 0 always implies ...
... at - will firms over choices of n and k are illustrated in Figure 2 . As is clear , the contractual firm chooses a dis- torted capital - labor choice which underem- ploys capital and overemploys labor . Although Fnk > 0 always implies ...
Página 215
... at - will firm will also disfavor economies of scope . Intuitively , both the employee on asset A and the employee on asset B are essential to realize the economy of scope , and conse- quently both extract surplus from this in bar ...
... at - will firm will also disfavor economies of scope . Intuitively , both the employee on asset A and the employee on asset B are essential to realize the economy of scope , and conse- quently both extract surplus from this in bar ...
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