Equilibria with Communication in a Job Market Example
AbstractThe authors study (costless) information transmission from a job applicant to an employer who must decide whether to hire him and, if so, which position to give him. The author constructs equilibrium payoffs requiring at least two signaling steps, or even that no deadline be imposed on the (plain) conversation. The set of communication equilibrium payoffs (achieved with the help of a communication device) is larger than the set of equilibrium payoffs of the plain conversation game, but coincides with the set of correlated equilibrium payoffs. Copyright 1990, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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Bibliographic InfoArticle provided by MIT Press in its journal Quarterly Journal of Economics.
Volume (Year): 105 (1990)
Issue (Month): 2 (May)
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Other versions of this item:
- FORGES, Françoise, . "Equilibria with communication in a job market example," CORE Discussion Papers RP -885, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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