The firm: Owners, managers and employees Flashcards
1
Q
What is the firm
A
The firms is a stage where owners, managers and employees, who have the same goal, are able to interact.
2
Q
What is employment rent?
A
Employment rent is what the job pays minus the fallback option (welfare benefit)
3
Q
What does it mean for the game in the labour discipline model to be sequential?
A
It is sequential : one of the players moves first
4
Q
A
