Implicit Contract Theory
| Author | : Sherwin Rosen |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 504 |
| Release | : 1994 |
| ISBN-10 | : STANFORD:36105060062168 |
| ISBN-13 | : |
| Rating | : 4/5 (68 Downloads) |
Book Synopsis Implicit Contract Theory by : Sherwin Rosen
Download or read book Implicit Contract Theory written by Sherwin Rosen and published by Edward Elgar Publishing. This book was released on 1994 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together the most innovative and important work on implicit contract theory, a key area of research which has developed over the past 20 years. Implicit contract theory is concerned with the workings of the macro-labour market over business cycles and focuses on a series of key questions including, how economists can explain unemployment levels and employment fluctuations during recessions in terms of rational economic behaviour, and, why wages do not fall to clear the market.
