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Article: Self-Fulfilling early-contracting rush

TitleSelf-Fulfilling early-contracting rush
Authors
KeywordsBusiness and economics
Issue Date2004
PublisherBlackwell Publishing, Inc. The Journal's web site is located at http://www.blackwellpublishing.com/journals/IER
Citation
International Economic Review, 2004, v. 45 n. 1, p. 301-324 How to Cite?
AbstractIn markets for entry-level professionals, the insurance motive drives some participants to sign early contracts. The rush to early contracting can be self-fulfilling, as both its effect on expectations about demand–supply balance in the subsequent spot market and the effect on it from changes in the demand–supply balance can be nonmonotone. Matching markets with more risk-averse participants, a greater uncertainty regarding relative supply of positions, or a more polarized distribution of applicant qualities are more vulnerable to self-fulfilling early-contracting rushes. Employers can have a collective interest in preventing early offers to a few promising applicants from starting the rushes.
Persistent Identifierhttp://hdl.handle.net/10722/48717
ISSN
2023 Impact Factor: 1.5
2023 SCImago Journal Rankings: 2.350
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorLi, Hen_HK
dc.contributor.authorSuen, Wen_HK
dc.date.accessioned2008-05-22T04:22:14Z-
dc.date.available2008-05-22T04:22:14Z-
dc.date.issued2004en_HK
dc.identifier.citationInternational Economic Review, 2004, v. 45 n. 1, p. 301-324en_HK
dc.identifier.issn0020-6598en_HK
dc.identifier.urihttp://hdl.handle.net/10722/48717-
dc.description.abstractIn markets for entry-level professionals, the insurance motive drives some participants to sign early contracts. The rush to early contracting can be self-fulfilling, as both its effect on expectations about demand–supply balance in the subsequent spot market and the effect on it from changes in the demand–supply balance can be nonmonotone. Matching markets with more risk-averse participants, a greater uncertainty regarding relative supply of positions, or a more polarized distribution of applicant qualities are more vulnerable to self-fulfilling early-contracting rushes. Employers can have a collective interest in preventing early offers to a few promising applicants from starting the rushes.en_HK
dc.format.extent238105 bytes-
dc.format.extent242007 bytes-
dc.format.mimetypeapplication/pdf-
dc.format.mimetypeapplication/pdf-
dc.languageengen_HK
dc.publisherBlackwell Publishing, Inc. The Journal's web site is located at http://www.blackwellpublishing.com/journals/IERen_HK
dc.relation.ispartofInternational Economic Review-
dc.rightsThe definitive version is available at www.blackwell-synergy.comen_HK
dc.subjectBusiness and economicsen_HK
dc.titleSelf-Fulfilling early-contracting rushen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0020-6598&volume=45&issue=1&spage=301&epage=324&date=2004&atitle=Self-Fulfilling+early+contracting+rushen_HK
dc.identifier.emailSuen, WC: wsuen@econ.hku.hken_HK
dc.description.naturepostprinten_HK
dc.identifier.doi10.1111/j.1468-2354.2004.00127.xen_HK
dc.identifier.scopuseid_2-s2.0-1642371170-
dc.identifier.hkuros91220-
dc.identifier.isiWOS:000188544800013-
dc.identifier.issnl0020-6598-

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