A company facing the problem of moral hazard decided to lay off some workers during a recession, ...

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A company facing the problem of moral hazard decided to lay off some workers during a recession, ...

A company facing the problem of moral hazard decided to lay off some workers during a recession, instead of lowering wages. What is the possible reason behind such a decision?

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Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

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tuggy Author

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7 years ago

Thanks

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this is exactly what I needed

DaiwalkerX

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Brilliant ツ

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