Examlex
For signalling to work to solve adverse selection then: (i) it cannot be possible for the signal to be copied by sellers of low quality products
(ii) it credibly informs an uninformed party that the product is high quality
(iii) it must be restricted to the education market
Overtime Pay
Additional compensation required by law to be paid to eligible employees working beyond the standard work hours.
Minimum Hourly Wages
The lowest hourly payment that employers can legally pay their workers, as established by law or regulation.
Employment at Will
A doctrine in labor law that allows employers to terminate employees for any reason, unless it is illegal or violates an employment contract.
Common Law Doctrine
A principle or precedent set by previous court decisions, forming part of the body of law in common law jurisdictions, as opposed to statutory law.
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