This note considers a hiring mechanism with multiple applications and application costs, which encompasses the common features of many real-world procedures. Multiple applications impose serious coordination problems to colleges, but application costs restore stability. With zero application costs unstable allocations arise at equilibrium. We provide necessary and sufficient conditions that guarantee the stability of the outcomes. © 2008 Elsevier Inc. All rights reserved.
Hiring mechanisms, application costs and stability
Triossi M.
Writing – Review & Editing
2009
Abstract
This note considers a hiring mechanism with multiple applications and application costs, which encompasses the common features of many real-world procedures. Multiple applications impose serious coordination problems to colleges, but application costs restore stability. With zero application costs unstable allocations arise at equilibrium. We provide necessary and sufficient conditions that guarantee the stability of the outcomes. © 2008 Elsevier Inc. All rights reserved.
File in questo prodotto:
| File | Dimensione | Formato | |
|---|---|---|---|
|
pubb8__Triossi_Verondini_Matteo_Maria.pdf
non disponibili
Tipologia:
Versione dell'editore
Licenza:
Accesso chiuso-personale
Dimensione
161.65 kB
Formato
Adobe PDF
|
161.65 kB | Adobe PDF | Visualizza/Apri |
I documenti in ARCA sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
