The role of unions in hiring procedures for job markets
- Alcalde Pérez, José
- Revilla, Pablo
Revue:
Working papers = Documentos de trabajo: Serie AD
Année de publication: 1998
Número: 2
Type: Working Paper
Résumé
This paper studies simple hiring procedures for job markets. We show that when agents act strategically only individually rational outcomes should be expected. Moreover, If agents can form unions, thereby gaining the possibility to commit on the decision to be chosen, only stable allocations are implemented.