Meier, Martin; Minelli, Enrico; Polemarchakis, Herakles - In: Economic Theory 55 (2014) 2, pp. 257-280
We consider competitive markets with asymmetric information. We define a notion of equilibrium that allows individuals … not reveal information concerning the skill levels of workers. However, at the solution we propose, an informed firm can … take advantage of its superior information: it can choose the extent to which it concentrates its employment offers to …