Niederle, Muriel - National Bureau of Economic Research (NBER) - 2006
effects of a centralized match on wages of medical residents. Bulow and Levin (forthcoming) propose a simple model of the NRMP … aggregate wages compared to any competitive outcome. This paper models a feature present in the NRMP, ordered contracts, that … low wage equilibrium of Bulow and Levin is not robust to this feature of the NRMP, and competitive wages are once more an …