We propose a stochastic model and provide an easy-to-implement optimization tool for admission decisions to specialized training programmes designed for service industries. The model can be applied for staffing of trainees in medical residency programmes, vocational schools, management trainee...

Recent studies of search theory examine how employers use a wage-setting mechanism - either by bargaining or through the posting of a non-negotiable wage offer in a job ad - to facilitate search. We contribute to this literature by examining wage posting in job ads in the US, the UK, and...