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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 submit wage-bids for each job …
Persistent link: https://www.econbiz.de/10012724521
games not in this class may have non-convergent market equilibria. This is the case for the k-double auction: we find that …. -- Matching and bargaining ; search ; double auctions ; foundations for perfect competition ; rate of convergence …
Persistent link: https://www.econbiz.de/10003782133
We study equilibria of dynamic over-the-counter markets in which agents are distinguished by their preferences and information. Over time, agents are privately informed by bids and o ffers. Investors diff er with respect to information quality, including initial information precision, and also...
Persistent link: https://www.econbiz.de/10003979498
Shapley Algorithmus ; doppelseitige Auktion ; Arbeitsmarkt ; Matching … dezentrale doppelte Auktion zur Zuordnung von Arbeitsplätzen und Arbeitskräften nach dem Kriterium der Produktivität. -- Gale …
Persistent link: https://www.econbiz.de/10009533828
We study a two-sided matching market with a set of heterogeneous firms and workers in an environment where jobs are …
Persistent link: https://www.econbiz.de/10011704604
We consider a simple model of the competitive screening of students by schools and colleges. Students apply to schools … which then perform costly screening procedures of the applicants to select those with high ability. Students who receive … show a channel through which students' preferences affect schools' screening decisions and outcomes: as schools increase …
Persistent link: https://www.econbiz.de/10011793998
This paper studies the cyclical dynamics of Mortensen and Pissarides' (1994) model of job creation and destruction when workers' effort is not perfectly observable, as in Shapiro and Stiglitz (1984). An occasionally-binding no-shirking constraint truncates the real wage distribution from below,...
Persistent link: https://www.econbiz.de/10013157042
, and a robust Beveridge curve. -- Job matching ; shirking ; efficiency wages ; endogenous separation ; contractual …
Persistent link: https://www.econbiz.de/10003879378
This paper considers a dynamic matching model with imperfectly observable worker effort. In equilibrium, the wage …
Persistent link: https://www.econbiz.de/10012732526
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/10009012618