search query: @author Roth, A. E. / total: 11
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| Author: | Roth, A. E. |
| Title: | A natural experiment in the organization of entry-level labor markets: regional markets for new physicians and surgeons in the United Kingdom |
| Journal: | American Economic Review
1991 : JUN, VOL. 81:3, p. 415-440 |
| Index terms: | LABOUR MARKETS REGIONAL DEVELOPMENT MEDICAL CARE MARKETS DECENTRALISATION UNITED KINGDOM |
| Language: | eng |
| Abstract: | The histories of seven regional markets for new physicians and surgeons in the United Kingdom are considered. Like the American market, these markets have experienced failures that led to the adoption of centralized market mechanisms. Because different regions employ different centralized mechanisms, these markets provide a test of the hypothesis that the success of the American market is related to the fact that it produces matches which are stable in the sense that no two agents mutually prefer to be matched to one another than to their assigned partners. Centralized market that produced unstable matches in environments in which agents could act on instabilities fared no better than the decentralized markets they replaced. |
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