Tài liệu Microeconomics for MBAs 18 docx

... tried, which forced the team members to think competitively, had median initial effort levels on par with the initial effort levels observed under forcing contracts. However, the effort level ... that the history of the team performance matters: the higher the team performance at the start, the greater the team performance thereafter (although the effort level might be declining over ......

Ngày tải lên: 24/12/2013, 17:15

... mathematical formula for computing the present value of future costs or benefits received one year from now is PV = [1/(1 + r)] f, where PV stands for present value, r for the rater of interest, and f for ... benefits in a graph. 10. Henry Ford more than doubled his workers’ wages. Did worker real income double by Ford’s pay policy? Reflecting on the general principles behind Ford’...

Ngày tải lên: 15/12/2013, 10:15

... on that information. People cannot assimilate all the information they need to make rational choices, however. People do lack information, and they could make better choices if information ... payments and fringe benefits for unionized retirees at the same time they negotiate the pay packages for the current workers. Even when retirement benefits are fixed for retirees’ lives, the...

Ngày tải lên: 15/12/2013, 10:15

... concern for the poor, who may be unable to afford the information necessary to make an informed choice. The poor may also be the least capable of understanding technical product information, ... The market demand for information, like the market demand for protective bumpers, will not fully reflect its social benefits. Because of external benefits, the quantity of information produc...

Ngày tải lên: 15/12/2013, 10:15

... same as before and are just as willing to work as before) once the additional vacation is provided: 1) the employer is willing to hire the same number of workers as before if the cost for each ... brackets and with greater demand for medical care will want more of their compensation in the form of untaxed fringe benefits such as health insurance. Therefore we can expect employers who...

Ngày tải lên: 26/01/2014, 18:20