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WebWhat is Relational Rent. 1. A supernormal profit jointly generated in an exchange relationship that cannot be generated by either firm in isolation and can only be created … WebThe idea that employment rents are an incentive for employees to work harder is illustrated in a study by Edward Lazear (an economic advisor to former US President George W. Bush) and his co-authors. They investigated a single firm during the global financial crisis, to see how the managers and workers reacted to the turbulent economic conditions. ger cawley helley entrepreneurs
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