No One Likes To Be Second Choice

成果类型:
Article
署名作者:
Antler, Yair
署名单位:
University of Essex
刊物名称:
ECONOMIC JOURNAL
ISSN/ISSBN:
0013-0133
DOI:
10.1111/ecoj.12573
发表日期:
2019
页码:
1119-1138
关键词:
摘要:
A decision-maker wishes to fill a vacancy with a fixed wage. Candidates who are more valuable to the decision maker are less likely to be available. The candidates suffer a disutility from filling the position when they are ranked low on the decision-maker's preference list. However, the decision-maker's preferences are his private information. Therefore, the candidates infer the decision-maker's preference list from information revealed by the number of failed offers. I explore the adverse effect of the social component in the candidates' preferences on the decision maker's ability to recruit a suitable candidate.