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Social networks and unraveling in labor markets
Fainmesser, Itay P. - 2010
fellowships and the market for judicial clerks) in the presence of social networks. We offer a two-stage model in which workers in … changes to the network structure on the unraveling of the market towards early hiring. Moreover, we show that an efficient … design of the matching procedure can prevent unraveling. …
Persistent link: https://www.econbiz.de/10010284029
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Social networks and unraveling in labor markets
Fainmesser, Itay - 2010
design of the matching procedure can prevent unraveling. -- Networks ; market design ; unraveling ; entry-level labor markets … fellowships and the market for judicial clerks) in the presence of social networks. We offer a two-stage model in which workers in … changes to the network structure on the unraveling of the market towards early hiring. Moreover, we show that an efficient …
Persistent link: https://www.econbiz.de/10008669960
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Information sharing networks in oligopoly
Currarini, Sergio; Feri, Francesco - 2008
information. We show that if signals are i.i.d., then pairwise stable networks of sharing agreements are either empty or made of …
Persistent link: https://www.econbiz.de/10010293393
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On information aggregation and interim efficiency in networks
Jiménez-Martínez, Antonio - In: Games 8 (2017) 1, pp. 1-14
complementarity in actions, efficiency can be either associated to more sparse or denser networks, depending on the size of the …
Persistent link: https://www.econbiz.de/10011621465
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Information sharing networks in linear quadratic games
Currarini, Sergio; Feri, Francesco - 2013
stable networks for the general linear quadratic game. For the case of correlated signals, we study pair-wise stable networks …
Persistent link: https://www.econbiz.de/10009756291
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Information sharing in oligopoly : sharing groups and core-periphery architectures
Currarini, Sergio; Feri, Francesco - In: Games 12 (2021) 4, pp. 1-17
The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...
Persistent link: https://www.econbiz.de/10013171765
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Cascading Expert Failure
Murphy, Jon - 2021
A problem that has plagued market failure discussions is: "why does bad policy exist and persist?" Various schools of thought have answered that question, but I argue that the explanations, while correct, are incomplete. In this paper, I apply the expert failure literature to the problem of...
Persistent link: https://www.econbiz.de/10013239322
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Strategic complementarities and unraveling in matching markets
Echenique, Federico; Pereyra, Juan - In: Theoretical economics : TE ; journal of the Econometric … 11 (2016) 1, pp. 1-39
Persistent link: https://www.econbiz.de/10011485131
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Adverse selection and unraveling in common-value labor markets
Ely, Jeffrey C.; Siegel, Ron - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 3, pp. 801-827
We investigate a common-value labor setting in which firms interview a worker prior to hiring. When firms have private information about the worker’s value and interview decisions are kept private, many firms may enter the market, interview, and hire with positive probability. When firms’...
Persistent link: https://www.econbiz.de/10011685150
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Depth of reasoning and information revelation : an experiment on the distribution of k-levels
Benndorf, Volker; Kübler, Dorothea; Normann, Hans-Theo - In: International game theory review 19 (2017) 4, pp. 1-18
Persistent link: https://www.econbiz.de/10011787510