Allocation, Information and Markets
Allocation, Information and Markets

Author: John Eatwell

Publisher: Springer

Published: 1989-09-21

Total Pages: 321

ISBN-13: 1349202150

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This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.

Implicit Contract Theory
Implicit Contract Theory

Author: Sherwin Rosen

Publisher: Edward Elgar Publishing

Published: 1994

Total Pages: 504

ISBN-13:

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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.

General Training Under Asymmetric Information
General Training Under Asymmetric Information

Author: Eliakim Katz

Publisher:

Published: 1989

Total Pages: 40

ISBN-13:

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Firms are unlikely to provide their employees with general training that makes them more desirable to competing firms. They are more likely to provide such training if it is difficult for other firms to measure the value of the training.