Implicit Contract Theory

Edited by Sherwin Rosen

in Books from Edward Elgar Publishing

Abstract: This title 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.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: B5 (search for similar items in EconPapers)
Date: 1994
ISBN: 9781852787486
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