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Internal Labor Markets: Theory and Change

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Internal Labor Markets: Theory and Change
Author(s)Osterman, Paul S.
AbstractTraditional economic theory describes a rational person is one who acts accordingly to his or her own objectives, maximizing the expected value o the payoff. There are inadequacies in the assertion. ‘Menu-dependent’ behavior violates some commonly used properties of internal correspondence of choice. But more social behavior does not necessarily meet the requirements of social justice, as there are often unfortunate results from ‘selfless’ behavior.
IssueNo
Pages303-340
ArticleAccess to Article
SourceLabor Economics and Industrial Relations
VolumeNo
PubDate1994
ISBN_ISSN0674506413

Industrial Relations

  • Labor Relations
  • Ownership and Management
  • Production Systems


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