This paper will analyze theoretically the behaviour of a firm, its employees and the subsidizing entity in relation to training. The authors shall study what each agent contributes, what he obtains and what each may decide concerning different steps in the process. They shall therefore attempt to develop a model explaining the distribution of costs and the returns derived from training. The objective of this model is to guide the behaviour of each one of the players so that the process will result as profitable as possible.
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