I study a matching model where heterogeneous firms publicly announce wage offers. A Walrasian type of equilibrium is derived, and the concept of stability used to restrict the set of equilibria. It is shown that the equilibrium is always separable, with high productivity firms announcing strictly higher wages than low productivity firms. Furthermore, it is shown that the equilibrium is constrained efficient.
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Paper provided by Suntory and Toyota International Centres for Economics and Related Disciplines, LSE in its series STICERD - Theoretical Economics Paper Series with number
280.
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