Chapter 5 Producer Theory Markets have two sides: consumers and producers. Up until now we have been studying the consumer side of the market. We now begin our study of the…
Lecture 4 Shapiro-Stiglitz Model of Efficiency Wages Leszek Wincenciak, Ph.D. Warsaw University May 22, 2007 Lecture 4 – Shapiro-Stiglitz Model of Efficiency Wages 2/41…