Chen, Yu; Doyle, Matthew; González, Francisco M. - In: Theoretical Economics 19 (2024) 1, pp. 499-549
mobility. When the costs of creating entry jobs are sufficiently small, the unique equilibrium supports the efficient … allocation under full information. When the costs of creating entry jobs are sufficiently large, the efficient equilibrium may … equilibrium may fail to reveal match productivities in the market for entry jobs. The non-revealing equilibrium features wage …