Artikel
Adverse selection and unraveling in common-value labor markets
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’ interview decisions are revealed, severe adverse selection arises. As a result, all firms except for the highest-ranked firm are excluded from the hiring process.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 8 ; Year: 2013 ; Issue: 3 ; Pages: 801-827 ; New Haven, CT: The Econometric Society
- Klassifikation
-
Wirtschaft
Institutions: Design, Formation, Operations, and Impact
Asymmetric and Private Information; Mechanism Design
Professional Labor Markets; Occupational Licensing
- Thema
-
Adverse selection
unraveling
interviews
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Siegel, Ron
Ely, Jeffrey C.
- Ereignis
-
Veröffentlichung
- (wer)
-
The Econometric Society
- (wo)
-
New Haven, CT
- (wann)
-
2013
- DOI
-
doi:10.3982/TE964
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Siegel, Ron
- Ely, Jeffrey C.
- The Econometric Society
Entstanden
- 2013
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