Proposition 2 (b) contains a typographical error. It should read as follows:(b) A reduction in φ reduces the management level m∞ (dm∞ /dφ > 0) if (Formula Presented.) is satisfied, and increases m∞ (dm∞ /dφ < 0) if (Formula Presented.) is satisfied.
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Management, Monitoring, Policy and Law