Reputation and Market Wage as Contract Enforcement Device: An Experimental Evidence
Shirking opportunity has always been present in an incomplete economic exchange in a labor-employer relation. Due to unverifiability of a contract, economic agents resort to reciprocal norm to enhance the co-operation and efficiency of the relation. This paper uses some data from Kean Siang et al. (...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2010-12-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/535.pdf
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