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market theory and personnel economics. Our starting point is the observation that employment relations are frequently … labour market phenomena that are puzzles from the viewpoint of standard economic theory. Further issues in the related field …
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Do competitive markets remove the impact of social norms and customs on market out-comes? Or are these social forces capable of exerting a persistent influence? Many economists seem to believe that social norms and customs have, if at all, only temporary effects in competitive markets. So far...
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