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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/58024

    Title: Exclusion Theorem in an Efficiency Wage Model
    Authors: 麥朝成;Mai, Chao-cheng
    Contributors: 淡江大學產業經濟學系
    Date: 2004-12
    Issue Date: 2011-09-29 10:43:29 (UTC+8)
    Publisher: Springer Berlin
    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: Annals of Regional Science 38(1), pp.13-24
    DOI: 10.1007/s00168-003-0143-z
    Appears in Collections:[Graduate Institute & Department of Industrial Economics] Journal Article

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