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| Author: | Roth, A. E. Rothblum, U. G. |
| Title: | Truncation strategies in matching markets - In search of advice for participants |
| Journal: | Econometrica
1999 : JAN, VOL. 67:1, p. 21-43 |
| Index terms: | Labour markets Econometrics Models |
| Language: | eng |
| Abstract: | In this paper, the strategic options facing workers in labour markets with centralized market clearing mechanisms such as those in the entry level labour markets of number of professions are considered. If workers do not have detailed information about the preferences of other workers and firms, the scope of potentially profitable strategic behaviour is considerably reduced, although not entirely eliminated. Specifically, it is demonstrated that stating preferences that reverse the true preference order of two acceptable firms is not beneficial in a low information environment, but submitting a truncation of the true preferences may be. This gives some insight into the successful operation of these market mechanisms. |
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