منابع مشابه
Assortative Matching with Large Firms∗
Technological progress allows firms to scale production processes over an increasingly large number of workers. This affects the size of the firm as well as the skill level of its workforce. We propose a unifying theory of production where management resolves a tradeoff between hiring more versus better workers. The span of control or size is therefore intimately intertwined with the sorting pa...
متن کاملAssortative Matching with Large Firms: Span of Control over More versus Better Workers∗
In large firms, management resolves a trade off between hiring more versus better workers. The span of control or size is therefore intimately intertwined with the sorting pattern. Span of control is at the center of many studies in macroeconomics, comparisons of factor productivity, trade, and labor. With heterogeneous workers, we analyze the worker assignment, firm size, and wages. The patter...
متن کاملAssortative Matching and Reputation
Consider Becker’s (1973) classic matching model, with unobserved fixed types and stochastic publicly observed output. If types are complementary, then matching is assortative in the known Bayesian posteriors (the ‘reputations’). We discover a robust failure of Becker’s result in the simplest dynamic two type version of this world. Assortative matching is generally neither efficient nor an equil...
متن کاملAssortative Matching and Search
In Becker’s (1973) neoclassical marriage market model, matching is positively assortative if types are complements: i.e. match output f(x, y) is supermodular in x and y. We reprise this famous result assuming timeintensive partner search and transferable output. We prove existence of a search equilibrium with a continuum of types, and then characterize matching. After showing that Becker’s cond...
متن کاملSupply Chain Dynamics With Assortative Matching
This paper studies the evolutionarily stable strategies of one-manufacturer and one-retailer supply chains. Each manufacturer and retailer chooses between two pure strategies of management: shareholder-oriented or stakeholder-oriented. Based on its management strategy, the firm decides its wholesale or retail price. In this paper, we consider supply chains formed by two matching processes: rand...
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ژورنال
عنوان ژورنال: Econometrica
سال: 2018
ISSN: 0012-9682
DOI: 10.3982/ecta14450