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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/22127

    Title: Exclusion Theorem in an Efficiency Wage Model
    Authors: 林忠正;Chao-cheng Mai;Ching-chong Lai
    Date: 2004-03
    Issue Date: 2009-01-06 15:05:41 (UTC+8)
    Abstract: This paper uses Shapiro and Stiglitz’s (1984) efficiency wage model embodying the firm’s choice of location to show the existence of an optimal intermediate location without assuming a transport rate that increases with distance. Based on the viewpoint of Shapiro and Stiglitz, we demonstrate that the more time that the worker spends traveling to the plant, the higher will be
    the wage that the firm will need to pay to motivate the worker not to shirk. To avoid paying a higher wage, the firm may choose its optimal location at an intermediate rather than a polar location.
    Relation: The Annals of Regional Science,38(1),13-24
    Data Type: article
    Appears in Collections:[財政學系] 期刊論文

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