Chen, Sonja; Doyle, Matthew; González, Francisco M. - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 1, pp. 499-549
equilibrium may fail to reveal match productivities in the market for entry jobs. The nonrevealing equilibrium features wage … posting—pooling wage contracts—as well as counteroffers, which eliminates the holdup problem at the cost of distorting worker …