What should happen in the market for labor
Problem
In the experiment you learned of the death spiral that can occur when the buyer knows more than the seller. Apply this concept to a firm that is hiring an employee. What should happen in the market for labor? How could this be overcome?
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Find d/dy (p) and d/dw (p) using the implicit-function theorem. Find d/dy (p) and dp dw by totally differentiating the equilibrium condition.
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Apply this concept to a firm that is hiring an employee. What should happen in the market for labor? How could this be overcome?
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Problem: What is the shot-by-shot list of the Cronos movie including camera angles and details?
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