Unraveling results from comparable demand and supply
Subtitle: an experimental investigation
By: Muriel Niederle, Alvin E. Roth, M. Utku Ünver.
Contributors: Roth, Alvin E., 1951-; Ünver,  M. Utku.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 15006; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15006.
Publisher: National Bureau of Economic Research
Published: 2009
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Markets sometimes unravel, with offers becoming inefficiently early.  Often this is attributed to competition arising from an imbalance of demand and supply, typically excess demand for workers.  However this presents a puzzle, since unraveling can only occur when firms are willing to make early offers and workers are willing to accept them.  We present a model and experiment in which workers' quality becomes known only in the late part of the market.  However, in equilibrium, matching can occur (inefficiently) early only when there is comparable demand and supply: a surplus of applicants, but a shortage of high quality applicants"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/16/2009.

Includes bibliographical references.

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Mode of access: World Wide Web.