We have a market in which workers choose between working as an academic or as an entrepreneur A worker's productivity as an academic (the revenue generated for the college), O, is private information Colleges view workers' productivity as academics as a random variable that is uniformly distribute...

In the competitive equilibrium the wage that workers earn as academics is eq ...

We have a market in which workers choose between working as an academic or as an...

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

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Authors: Thomas Nechyba

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We have a market in which workers choose between working as an academic or as an...

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