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This dissertation investigates some of the ways efficiency wages are important to both the U.S. economy and research in economics. The first section develops a model to investigate the likely effects of the decline of references in the United States. Survey data and anecdotal evidence makes it...
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This dissertation investigates the use of money-back guarantees in a market for so-called "experience goods" in the presence of repeat purchases. Chapter One analyzes competition between two firms in a game-theoretic model. The choices of quality, price, and warranty made by the firms are...
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Economists typically are concerned with a price that equates supply and demand, but in many cases the price is below the market-clearing level and excess demand queued. Although it is sometimes difficult to measure excess demand in real market, we can infer excess demand when we have difficulty...
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