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Week 2 tutorial.docx - Camerer 1997 Labour supply of New...

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Camerer (1997) Labour supply of New York Cab drivers1.Why do the authors use data on cab drivers to test how hours worked respond to a change in hourly wages?
2.What does standard economic theory predict how hours worked change in response to a change in hourly wages in the case of cab drivers? Why?

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Term
Fall
Professor
NoProfessor
Tags
Supply And Demand, Permanent income hypothesis, New York cab

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