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http://worldcat.org/entity/work/id/797865

Matching and Price Competition

"We develop a model in which firms set impersonal salary levels before matching with workers. Salaries fall relative to any competitive equilibrium while profits rise by almost as much, implyinglittle inefficiency. Furthermore, the best firms gain the most from the system while wages becomecompressed. We discuss the performance of alternative institutions and the recent antitrust caseagainst the National Residency Matching Program in light of our results"--National Bureau of Economic Research web site.

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  • "We develop a model in which firms set impersonal salary levels before matching with workers.<br>Salaries fall relative to any competitive equilibrium while profits rise by almost as much, implying<br>little inefficiency. Furthermore, the best firms gain the most from the system while wages become<br>compressed. We discuss the performance of alternative institutions and the recent antitrust case<br>against the National Residency Matching Program in light of our results."
  • ""We develop a model in which firms set impersonal salary levels before matching with workers. Salaries fall relative to any competitive equilibrium while profits rise by almost as much, implyinglittle inefficiency. Furthermore, the best firms gain the most from the system while wages becomecompressed. We discuss the performance of alternative institutions and the recent antitrust caseagainst the National Residency Matching Program in light of our results"--National Bureau of Economic Research web site."@en

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  • "Matching and Price Competition"@en
  • "Matching and Price Competition"
  • "Matching and price competition"
  • "Matching and price competition"@en

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