Consider the following version of the Spence's job-market signalling model. There are two types of workers in the market: low ability workers (L-workers) and high ability workers (H-workers). The group of low ability workers makes up 80% of the work force, the group of low ability workers makes up the remaining 20%. Any firm in the market is willing to

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Data Analysis and Decision Making

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

ISBN: 978-0538476126