Abstract
One of the most important issues in economics is that of unemployment. Why does the labour market fail to clear? A potential answer to this question is provided by the idea of efficiency wages.1
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© 1997 Brian Hillier
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Hillier, B. (1997). The Hidden Action Problem and Efficiency Wages. In: The Economics of Asymmetric Information. Palgrave, London. https://doi.org/10.1007/978-1-349-25485-9_9
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DOI: https://doi.org/10.1007/978-1-349-25485-9_9
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-64750-9
Online ISBN: 978-1-349-25485-9
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