Heterogeneous social preferences, screening, and employment contracts

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von Siemens, F.A.;
  • Journal: Oxford Economic Papers,volume 63,issue 3 7,pages499-522
  • Related identifiers: doi: 10.1093/oep/gpq028
  • Subject: class eco B

This paper studies a monopsonistic firm's optimal employment contracts if workers have private information on both their propensity for social comparisons and their ability. Employees of the firm are taken to form their own distinct reference group. It is shown that scr... View more
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