Discuss what factors may explain the structure. Why does the violinist receive more than the oboist and
Question:
Discuss what factors may explain the structure. Why does the violinist receive more than the oboist and trombonist? Why does the principal trumpet player earn more than the principal cellist and principal clarinetist but less than the principal viola and principal flute-players? What explains these differences? Does the relative supply versus the demand for violinists compare to the supply versus the demand for trombonists? Is it that violins play more notes?
What is the pay differential between the principal viola and the next highest-paid viola? What about between the principal trumpet and the next highest-paid trumpet? Why are these differentials between the principal and others? Why aren’t they larger? Smaller? Why is the differential between trumpet players different than between the viola players?
How well do equity and tournament models apply? Do custom and tradition play any role? What about institutional theory?
Managerial Economics A Problem-Solving Approach
ISBN: b00btm8fk0
2nd edition
Authors: Luke M. Froeb, Brain T. Mccann