Gupta, Sunil; Mela, Carl F.; Vidal-Sanz, Jose M. - Departamento de Economía de la Empresa, Universidad … - 2009
We study the problem of a firm that faces asymmetric information about the productivity of its potential workers. In our framework, a worker’s productivity is either assigned by nature at birth, or determined by an unobservable initial action of the worker that has persistent effects over...