Wage Premiums and Profit Maximization in Efficiency Wage Models.
The standard shirking model of efficiency wages is essentially a continuous-time, repeated prisoners' dilemma game. Thus, to sustain an equilibrium with employment requires sufficient gains from future cooperation. Each division of these gains corresponds to some equilibrium. Efficiency wages c...
| Главные авторы: | , |
|---|---|
| Формат: | Journal article |
| Язык: | English |
| Опубликовано: |
1993
|