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Value of Signals in Hidden Action Models

- Concepts, Application, and Empirical Evidence

Bag om Value of Signals in Hidden Action Models

Since the fundamental work of Walras (1874), markets have received particular attention by economists because they lead to an efficient allocation of goods and services. Workers may profit from this vagueness by reducing effort to a comfortable amount -as long as tracks are laid, they do not violate contract conditions.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9783790801736
  • Indbinding:
  • Paperback
  • Sideantal:
  • 162
  • Udgivet:
  • 9. februar 2004
  • Udgave:
  • 12004
  • Størrelse:
  • 234x156x9 mm.
  • Vægt:
  • 570 g.
  • 8-11 hverdage.
  • 16. januar 2025

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Since the fundamental work of Walras (1874), markets have received particular attention by economists because they lead to an efficient allocation of goods and services. Workers may profit from this vagueness by reducing effort to a comfortable amount -as long as tracks are laid, they do not violate contract conditions.

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