Dual Labor Markets And Strategic Efficiency Wage
We consider a dual labor markets model in which the primary sector requires the presence of eMiciency wage, while the secondary sector is competitive. We show that the Solow condition does not hold in a Stackelberg equilibrium where the primary sector acts as a leader and the secondary one as a follower.[J41]
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Volume (Year): 17 (2003)
Issue (Month): 3 ()
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