Construct · 1 fields · 1 citations

Hicks paradox: a standalone construct

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Labor economics

the puzzle that strikes occur even though, if both sides could foresee the settlement, they would gain by agreeing to it without a costly stoppage.

In labor economics, Hicks paradox refers to the puzzle that strikes occur even though, if both sides could foresee the settlement, they would gain by agreeing to it without a costly stoppage. This meaning comes from Hicks (1932) in The theory of wages.[1]

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Nearby constructs

gain4 fields · 4 citationsjingle · one word, four constructs labor4 fields · 4 citationsjingle · one word, four constructs paradox3 fields · 4 citationsjingle · one word, three constructs

References

Hicks, J. R. (1932). The theory of wages. Macmillan. Open Library record

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