Screencast Chapter 11
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Overview to Screencast Chapter 11
This discusses the complete contracting case of hiring work effort in the labor discipline model in Bowles and Halliday (2022). We consider the incomplete contracting case of the labor discipline model. We identify the Nash equilibrium and explain how it is ... Given the outcome of the labor discipline model, we identify how many hours of work (how much work time) the employer will hire. An introduction to the whole economy model in Bowles and Halliday (2022) which uses the wage curve and the competition ... We introduce the idea of employment as a principal-agent relationship with the characteristics of a conflict of interest and ...
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Last Updated: June 11, 2026
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