Pinkston, Joshua C. (contributor) - 2006
common knowledge. For simplicity, the
worker is assumed never to encounter a firm she has worked for or been interviewed by … highest signals in which the signals of all other bidders are common
knowledge. As the number of bidders approaches infinity … some information that is common knowledge between bidders, S
x
and (when t ≥ 1) the wage, allowing more than two bidders in …