Fershtman, Chaim (contributor); Hvide, Hans K. (contributor) - 2003 - [Elektronische Ressource]
measure of effort. The output of a worker depends on his own productivity and effort and
is, in this respect, independent of … in their productivity
and in their preferences, because otherwise the workers who gain from the association may
be unable … to ’bid’ for the workers who are indifferent to it. Second, although workers may
have the same productivity, equilibrium …