Truncation Strategies in Matching Markets-in Search of Advice for Participants
研究工人在集中清算的劳动力市场中可用的策略,发现低信息环境下颠倒偏好顺序无益,但截断真实偏好可能有利,为参与者提供操作建议。
We consider the strategic options facing workers in labor markets with centralized market clearing mechanisms such as those in the entry level labor markets of a number of professions. If workers do not have detailed information about the preferences of other workers and firms, the scope of potentially profitable strategic behavior is considerably reduced, although not entirely eliminated. Specifically, we demonstrate that stating preferences that reverse the true preference order of two acceptable firms is not beneficial in a low information environment, but submitting a truncation of the true preferences may be. This gives some insight into the successful operation of these market mechanisms.