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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 …
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"defiant" behavior. Moreover, while individually rational for the marginal type, the unraveling may be strictly Pareto inferior …
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We study the welfare effects of different types of pre-arrangements (as identified in Sönmez in J Econ Theory 86:148–156, <CitationRef CitationID="CR25">1999</CitationRef>) under the intern-optimal and hospital-optimal stable mechanisms in matching markets. First, both mechanisms are manipulable via Type-2 pre-arrangements. Regarding...</citationref>
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strategic complementarities and strategic unraveling. We identify a negative externality imposed on the rest of the market by …
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changes to the network structure on the unraveling of the market towards early hiring. Moreover, we show that an e¢ cient … design of the matching procedure can prevent unraveling. …
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