Job security, stability, and production efficiency
研究在就业受法规保障的背景下,双边匹配市场中稳定性与效率能否同时实现,发现即使引入工作保障,稳定和高效的结果仍可能存在,且适用范围更广。
We study a two-sided matching market with a set of heterogeneous firms and workers in an environment where jobs are secured by regulation. Without job security Kelso and Crawford have shown that stable outcomes and efficiency prevail when all workers are gross substitutes to each firm. It turns out that by introducing job security, stability and efficiency may still prevail, and even for a significantly broader class of production functions.