Arvan, L.; Schoumaker, F. - Département de Sciences Économiques, Université de … - 1987
We Embed an Efficiency Wage View of the Labor Market a la Shapiro and Stiglitz (1984) Into the Standard Hecksher-Ohlin Framework. We Demonstrate How a Small Trading Country Can Utilize an Activist Commercial Policy to Remedy Labor Market Inefficiencies. Laissez-Faire Is Not Optimal. the Optimal...