's equilibrium implies that positive attributes in one location, like access to downtown or high wages, are offset by negative … attributes, like high housing prices. The employer's equilibrium requires that high wages be offset by a high level of … justify high wages is the basis for the study of agglomeration economies which has been a significant branch of urban …

. An interesting aspect of this economy is that wages are not linear in the number of working hours, although prices are … the employment and wages of low-wage and high-wage workers when team production is explicitly modeled compared to a case …

This paper analyzes the effects of trade and labor market liberalization on wages and worker productivity/effort in a … domestic unionized firm with firm-union bargaining over wages and effort. It is shown that both types of liberalization will …