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 InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers RP with number -885.
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Note: In : The Quarterly Journal of Economics, 105, 375-398, 1990
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- Forges, Francoise, 1990. "Equilibria with Communication in a Job Market Example," The Quarterly Journal of Economics, MIT Press, vol. 105(2), pages 375-98, May.
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