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What is the hicks paradox

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Reference no: EM132180375

Question: 1. Discuss how both unions and firms can be better off if they move off the demand curve. Derive the contract curve.

2. Discuss the difference between efficient contracts and strongly efficient contracts.

3. What is the Hicks paradox?

4. Describe how employers "choose" the optimal length of a strike in a model where there is asymmetric information.

Reference no: EM132180375

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