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The Transaction Costs and Benefits of the Incomplete Contract of Employment

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  • Cartier, Kate

Abstract

Transaction analysis helps us understand the incomplete contract of employment but a complete and objective analysis considers the transaction benefits as well as the costs. The theoretical and empirical findings of cognitive psychology are used to examine how workers learn by experience and use their cognitive abilities. This dynamic analysis of the relation between labor and production at the macroeconomic level of the job and the worker modifies theories of labor-market behavior and of economic production, and suggests how endogenous growth is generated and why its rates and patterns vary. Copyright 1994 by Oxford University Press.

Suggested Citation

  • Cartier, Kate, 1994. "The Transaction Costs and Benefits of the Incomplete Contract of Employment," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 18(2), pages 181-196, April.
    • Handle: RePEc:oup:cambje:v:18:y:1994:i:2:p:181-96
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    Cited by:

    1. Ahmad, Muhammad Farooq & Kowalewski, Oskar, 2021. "Collective bargaining power and corporate cash policy," International Review of Law and Economics, Elsevier, vol. 68(C).
    2. Philipp Schuster & Erik Theissen & Marliese Uhrig-Homburg, 2020. "Finanzwirtschaftliche Anwendungen der Blockchain-Technologie [Applications of Blockchain Technology in Finance]," Schmalenbach Journal of Business Research, Springer, vol. 72(2), pages 125-147, June.
    3. Schuster, Philipp & Theissen, Erik & Uhrig-Homburg, Marliese, 2020. "Finanzwirtschaftliche Anwendungen der Blockchain-Technologie," CFR Working Papers 20-02, University of Cologne, Centre for Financial Research (CFR).
    4. John Finch, 1998. "The Re-employment Experiences of Former Aerospace Employees Within a Local Economy," Regional Studies, Taylor & Francis Journals, vol. 32(5), pages 421-433.

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