IDEAS home Printed from https://ideas.repec.org/p/tiu/tiutis/f8bf19e7-ac45-45e3-a8ea-6d91a5021afd.html
   My bibliography  Save this paper

Signalling in a dynamic labour market

Author

Listed:
  • Noldeke, G.
  • van Damme, E.E.C.

    (Tilburg University, School of Economics and Management)

Abstract

This paper analyzes a multiperiod version of the Spence Job Market Signalling Model in which workers cannot commit to an education choice and firms make wage offers at any point in time. The dynamic competition combined with the incomplete information yield a multiplicity of sequential equilibria, including ones that sustain implicit collusion, even though the length of the game is finite. Emphasis is placed on equilibria that satisfy the "independence of never weak best response" criterion of Kohlberg and Mertens (1986). It is shown that in the limit, as the time between offers tends to zero, any such equilibrium results (in expectation) in the unique stable outcome of the static Spence model.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Noldeke, G. & van Damme, E.E.C., 1990. "Signalling in a dynamic labour market," Other publications TiSEM f8bf19e7-ac45-45e3-a8ea-6, Tilburg University, School of Economics and Management.
  • Handle: RePEc:tiu:tiutis:f8bf19e7-ac45-45e3-a8ea-6d91a5021afd
    as

    Download full text from publisher

    File URL: https://pure.uvt.nl/ws/portalfiles/portal/1180043/NGDE5612902.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tiu:tiutis:f8bf19e7-ac45-45e3-a8ea-6d91a5021afd. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard Broekman (email available below). General contact details of provider: https://www.tilburguniversity.edu/about/schools/economics-and-management/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.