Information Unraveling Revisited: Disclosure of Horizontal Attributes
نویسندگان
چکیده
منابع مشابه
Equilibrium Information Disclosure and Unraveling
This paper explores information disclosure in matching markets, e.g., the informativeness of transcripts given out by universities. We show that the same amount of information is disclosed in all equilibria. We then demonstrate that if universities disclose the equilibrium amount of information, students and employers will not find it profitable to contract early; if they disclose more, unravel...
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This paper explores information disclosure in matching markets, e.g. the informativeness of transcripts given out by universities. We show that the same amount of information is disclosed in all equilibria. We then demonstrate that if universities disclose the equilibrium amount of information, students and employers will not find it profitable to contract early; if they disclose more, unraveli...
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We present a method of unraveling Π11 sets which greatly simplifies the construction in Neeman [6]. Apart from adding elegance, this method is also useful for proofs of determinacy involving long games, see Neeman [5]. By a tree we mean a set of finite sequences, closed under initial segments. Given a tree S let [S] denote the set of infinite branches through S. Given further a set A ⊂ [S] let ...
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ژورنال
عنوان ژورنال: The Journal of Industrial Economics
سال: 2014
ISSN: 0022-1821
DOI: 10.1111/joie.12043