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Implicit Contract Theory

The International Library of Critical Writings in Economics Series No. 35

Edited by Sherwin Rosen
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 17th Mar 1994
Dimensions: w 244mm h 169mm d 20mm
Weight: 982g
ISBN-10: 1852787481
ISBN-13: 9781852787486
Barcode No: 9781852787486
Synopsis
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.

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