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ID:57260819
大小:1.31 MB
页数:38页
时间:2020-08-07
《高微文章job-market-signaling教学提纲.pptx》由会员上传分享,免费在线阅读,更多相关内容在工程资料-天天文库。
1、MichaelSPENCEJOBMARKETSIGNALINGAndrewMickaelSPENCE(Americaneconomist)BornNovember7,1943Montclair,NewJersey, USAFieldMicroeconomicsMarketanalysisUniversityHarvardUniversity (Ph.D.)UniversityofOxford (B.A.)PrincetonUniversity (B.A.)ContributionSignaling
2、theoryAwardsJohnBatesClarkMedal(1981)NobelMemorialPrizeinEconomics (2001)alongwithGeorgeA.AkerlofandJosephE.Stiglitz,fortheirmarketanalysesinsituationofasymmetryofinformationContent1.Introduction2.Hiringasaninvestmentunderuncertainty3.Applicantsignalin
3、g4.Informationalfeedbackanddefinitionofequilibrium5.Propertiesofinformationalequilibrium:anexample6.Informationalimpactofindices7.Conclusion1.IntroductionWhatisthepurposeofthisessay?analyzethephenomenaofsignalingwhichaffectthemarketoutlineamodelinwhichs
4、ignalingisimplicitlydefinedDefinethepropertiesofthesignalingequilibria,theinteractionofpotentialsignalsandtheallocativeefficiencyofthemarketWhychoosingtheJobMarketexemple?«Thisessayisaboutmarketsinwhichsignalingtakesplaceandinwhichtheprimarysignalersare
5、relativelynumerousandinthemarketsufficientlyinfrequentlythattheyarenotexpectedto(andthereforedonot)investinacquiringsignalingreputation»=>itcorrespondexactlytotheJobMarketsituationAlargenumberofpostulantWhicharesufficientlyinfrequentlyinthemarketsothatt
6、heyarenotexpectedtoinvestinacquiringsignalingreputation2.HiringasaninvestmentunderuncertaintyLet’sdefinethesituationintheJobMarketThehiringdecisionIdentifytheproductivecapabilitiesofanindividualAssociatealevelawagetothisexpectedcapabilitiesProblemUnknow
7、nbeforehiringEvenafter,itcantaketimetoevaluateHiringaspurchasingalotterySPENCEcomparehiringtoalotterywhere«theemployerpaysthecertainmonetaryequivalentofthelotterytotheindividualaswage»Employersareriskneutral=>Wage=individual'smarginalcontributiontothehi
8、ringorganization=>Uncertainty=>aplethoraofpersonaldata=>assessmentofthelottery(expectedmarginalcontribution)SPENCEintroduceadistinctioninthekindofdataINDICESvs.SIGNALSIndicesarepersonalattributethatareimmutablyfixed,unalterableor
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