Fehr, Ernst (contributor); Brown, Martin (contributor); … - 2008
receive a wage offer in
the next period from their incumbant principal which exceeds the wages they could get from
outside … puzzling. There are two explanations for this finding: First, due to stronger
competition for agents, wages are substantially … detailed
discussion of wages in the high-demand and low-demand conditions). Thus in the market with
high-demand, reciprocity …