Examlex
Rules for mediation arise from
Microeconomics
The branch of economics that studies individual agents and markets, decision-making processes, and the outcomes of interactions.
Wage Cut
A reduction in the rate of pay received by workers.
Productivity
A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in the production process.
Separating Equilibrium
A situation in a game or market where different types of participants (often with private information) are sorted into different groups based on their actions or choices.
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