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on this information. In this paper we study how a signaling mechanism, where each worker can send a signal of interest to … ready to provide information about their preferences for particular employers, and employers value and are prepared to act … one employer, facilitates matches in such markets. We find that introducing a signaling mechanism increases the welfare of …
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unique outcome, the worker-optimal matching. …
Persistent link: https://www.econbiz.de/10011593289
It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the … (weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for …-partner matching problem that includes two-sided matching problems as special cases. Under the same preference restriction, we also …
Persistent link: https://www.econbiz.de/10011593632
In this paper we develop a structural model for job search behavior of students entering the labor market. The model includes endogenous search effort and on-the-job search. Since students usually do not start a regular job before graduation but start job search earlier, our model is non...
Persistent link: https://www.econbiz.de/10011335207
information between firms and workers and show that costless signaling is actually harmful in some matching markets. Specifically …A costless signaling mechanism has been proposed as a device to improve welfare in decentralized two-sided matching … facilitates match formation. -- Matching Markets ; Signaling …
Persistent link: https://www.econbiz.de/10008811007
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10011378332
This paper studies a model where student effort and talent interact with parental and teachers' investments, as well as with school system resources. The model is rich, yet sufficiently stylized to provide novel implications. It can show, for example, that an improvement in parental outside...
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