Rat Race Redux

Rat Race Redux : Adverse Selection in the Determination of Work Hours (Classic Reprint)

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Excerpt from Rat Race Redux: Adverse Selection in the Determination of Work Hours It may seem incongruous to examine models with claims to broad applicability in such a narrowly defined setting. Large law firms, however, share two characteristics that make them a convenient vehicle for the study of adverse selection in work hours. First, law firms have a very simple internal structure. In general there are only two broad classes of professionals in the firm, associates, who are employees, and partners. The key promotion in the firm involves the decision to allow associates to purchase an equity stake in the enterprise. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.show more

Product details

  • Paperback | 50 pages
  • 152 x 229 x 3mm | 82g
  • Forgotten Books
  • United States
  • English
  • , black & white illustrations
  • 0243296509
  • 9780243296507