Question
4. Can you rank the following three situations in terms of welfare? (a) workers are privately informed of their productivity, but cannot signal this credibly;
4. Can you rank the following three situations in terms of welfare? (a) workers are privately informed of their productivity, but cannot signal this credibly; (b) workers are privately informed of their productivity, and have access to a costly signal; (c) workers are privately informed of their productivity, and firms are also informed of the productivity of each worker.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
