In Canada, the government nationalized the healthcare system and reduced doctor’s compensation. Is this a form of post-investment hold-up?
Probably the most important source of capital is human capital. For example, most medical doctors spend years learning to practice medicine. Doctors are willing to make large investments in their human capital because they expect to be compensated for doing so when they begin work. In Canada, the government nationalized the healthcare system and reduced doctor’s compensation. Is this a form of post-investment hold-up?
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