The Employment Relationship: Difference between revisions
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[[Moving past Walras: An Exploration of Evolutionary Game Theory ]] | [[Moving past Walras: An Exploration of Evolutionary Game Theory | Home]] | ||
Revision as of 01:09, 22 April 2009
The employment relationship can be basically modeled as followed:
y=y(he)+ε : with y'>0 and y<0
- Assumptions:
- h = # of hours worked (assuming 1 hour per worker)
