Benndorf, Volker - In: Games 9 (2018) 2, pp. 1-17
suggests that in this setup, unraveling takes place and a number of different types are correctly identified in equilibrium …. While we do observe a substantial degree of information disclosure, we also find that unraveling is typically not as … complete as predicted by economic theory. The behavior of both workers and employers impedes unraveling in that there is too …