Job Security , Stability and Production Efficiency

  title={Job Security , Stability and Production Efficiency},
  author={Hui Fu and Robert D. Kleinberg and Ron Lavi and Rann Smorodinsky},
We study a two-sided matching market with a set of heterogeneous firms and workers in an environment where jobs are secured by regulation. Without job security Kelso and Crawford have shown that stable outcomes and efficiency prevail when all workers are gross substitutes to each firm. It turns out that by introducing job security, stability and efficiency… CONTINUE READING

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