The Role of Unions in Hiring Procedures for Job MarketsEconomics Letters (1999)
AbstractThis paper studies simple hiring procedures for job markets. We show that when agents act strategically only individually rational outcomes should be expected. Moreover, if agents can form unions, thereby gaining the possibility to commit on the decisions to be chosen, only stable allocations are implemented.
- Job Matching Markets,
- Mechanism Design.
Citation InformationJose Alcalde and Pablo Revilla. "The Role of Unions in Hiring Procedures for Job Markets" Economics Letters Vol. 62 (1999)
Available at: http://works.bepress.com/jose_alcalde/11/