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What Would Be the Predicted Result of Overpaying a Piece-Rate

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What would be the predicted result of overpaying a piece-rate worker, according to the equity theory?


Definitions:

Implied Conditions

Terms and stipulations that are not expressly stated but are understood to be included within a contract or agreement.

Condition Subsequent

In a contract, a future event that terminates the obligations of the parties when it occurs.

Conditional Contract

A contract that becomes enforceable only upon the occurrence of certain conditions or the performance of a particular act.

Implied Conditions

Terms and stipulations that, although not expressly stated, are understood to be part of a contract based on the nature of the transaction.

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