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We consider a Rothschild-Stiglitz-Spence labour market screening model and employ a centralised mechanism to coordinate … the efficient matching of workers to firms. This mechanism can be thought of as operated by a recruitment agency, an … employment office or head hunter. In a centralised descending-bid, multi-item procurement auction, workers submitwage-bids for …
Persistent link: https://www.econbiz.de/10010334061
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their employees to accept lower wages as well? As an alternative...
Persistent link: https://www.econbiz.de/10010309895
This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...
Persistent link: https://www.econbiz.de/10011445721
dezentrale doppelte Auktion zur Zuordnung von Arbeitsplätzen und Arbeitskräften nach dem Kriterium der Produktivität. …
Persistent link: https://www.econbiz.de/10010308182
learns his own valuation. Using a simple discrete asymmetric first-price auction setting, we show that a bidder may indeed …-price auction model. Finally, we use a specific signaling structure with uniform distributions to show that signaling need not be …
Persistent link: https://www.econbiz.de/10010293376
This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...
Persistent link: https://www.econbiz.de/10010325638
This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of … the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is …
Persistent link: https://www.econbiz.de/10010262541
When workers are faced with the threat of unemployment, their relationship with a particular firm becomes valuable. As a result, a worker may comply with the terms of a relational contract that demands high effort even when performance is not enforceable by a third party. But can relational...
Persistent link: https://www.econbiz.de/10010334150
game. Conversely, the set of repeated matching (or social) equilibria also includes some plays that are not part of any … definitions, as well as the relationship to renegotiation-proof equilibrium. It is possible for repeated matching equilibria to be …
Persistent link: https://www.econbiz.de/10010312355
A coalitional matching is a two-sided matching problem in which agents on each side of the market may form coalitions …
Persistent link: https://www.econbiz.de/10010270953