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Interviewing in two-sided matching markets

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  • Robin S. Lee
  • Michael Schwarz

Abstract

We introduce the interview assignment problem, which generalizes the one-to-one matching model of Gale and Shapley (1962) by introducing a stage of costly information acquisition. Firms learn preferences over workers via costly interviews. Even if all firms and workers conduct the same number of interviews, realized unemployment depends also on the extent to which agents share common interviewing partners. We introduce the concept of overlap that captures this notion, and prove that unemployment is minimized with perfect overlap: i.e., if two firms interview any common worker, they interview the exact same set of workers.
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Suggested Citation

  • Robin S. Lee & Michael Schwarz, 2017. "Interviewing in two-sided matching markets," RAND Journal of Economics, RAND Corporation, vol. 48(3), pages 835-855, August.
  • Handle: RePEc:bla:randje:v:48:y:2017:i:3:p:835-855
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    File URL: http://hdl.handle.net/10.1111/rand.2017.48.issue-3
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    References listed on IDEAS

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    1. Josephson, Jens & Shapiro, Joel, 2008. "Interviews and Adverse Selection," CEPR Discussion Papers 6837, C.E.P.R. Discussion Papers.
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    Cited by:

    1. Itay P. Fainmesser, 2012. "Community Structure and Market Outcomes: A Repeated Games-in-Networks Approach," American Economic Journal: Microeconomics, American Economic Association, vol. 4(1), pages 32-69, February.
    2. Chhabra, Meenal & Das, Sanmay & Sarne, David, 2014. "Expert-mediated sequential search," European Journal of Operational Research, Elsevier, vol. 234(3), pages 861-873.
    3. Coles, Peter & Shorrer, Ran, 2014. "Optimal truncation in matching markets," Games and Economic Behavior, Elsevier, vol. 87(C), pages 591-615.
    4. Ely, Jeffrey C. & Siegel, Ron, 2013. "Adverse selection and unraveling in common-value labor markets," Theoretical Economics, Econometric Society, vol. 8(3), September.

    More about this item

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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