optimal wage

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• Wage slavery — is a term first coined by the Lowell Mill Girls in 1836, [ [http://books.google.com/books?id=YXT kSv1btIC pg=PA87 lpg=PA87 dq=lowell+%22wage+slavery%22 source=web ots=WsT3bkI 0G sig=w7N0JGBskFiUHReS 00amVMNaPY hl=en Artisans Into Workers: Labor… …   Wikipedia

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• Optimal stopping — In mathematics, the theory of optimal stopping is concerned with the problem of choosing a time to take a particular action, in order to maximise an expected reward or minimise an expected cost. Optimal stopping problems can be found in areas of… …   Wikipedia

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• Search theory — In economics, search theory (or just search) is the study of an individual s optimal strategy when choosing from a series of potential opportunities of random quality, given that delaying choice is costly. Search models illustrate how best to… …   Wikipedia

• Efficiency wages — In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, are determined by more than simply supply and demand. Specifically, it points to the incentive for managers to pay their employees more than the… …   Wikipedia

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• Edmund Phelps — Infobox Scientist name = Edmund Phelps image size = 180px caption = Phelps at the Nobel Prize Press Conference, 2006 birth date = Birth date and age|1933|7|26|mf=y birth place = Evanston, Illinois, U.S. nationality = United States field =… …   Wikipedia

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• Principal-agent problem — In political science and economics, the principal agent problem or agency dilemma treats the difficulties that arise under conditions of incomplete and asymmetric information when a principal hires an agent. Various mechanisms may be used to try… …   Wikipedia

• Optimum currency area — In economics, an optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency to have the entire region share a single currency. It describes the optimal… …   Wikipedia