Published August 1977
| Submitted
Working Paper
Open
An Information-Theoretic Approach to Job Quits
- Creators
- Wilde, Louis L.
Chicago
An error occurred while generating the citation.
Abstract
This study analyzes the existence of quits as part of optimal job-shopping strategies by imperfectly informed workers. Formally this is modeled as a sequential decision problem in which jobs are assumed to be described by more than a single parameter. These multiple characteristics vary in their respective degrees of observability. Along with a characterization of the optimal strategy and a proof of the existence of a positive quit rate, comparative statics results are obtained.
Additional Information
Revised. Original dated to February 1977. I would like to thank Robert Forsythe and Steve Salop for helpful discussions of this material. A preliminary version of this paper was presented at the 1977 summer meeting of the Econometric Society in Ottawa, Canada. Published in Studies in the Economics of Search, edited by S. Lippman and J. J. McCall. Amsterdam: North-Holland, 1979.Attached Files
Submitted - sswp150_-_revised.pdf
Files
sswp150_-_revised.pdf
Files
(388.2 kB)
| Name | Size | Download all |
|---|---|---|
|
md5:99d4cb4ede786a1371e519c99792543b
|
388.2 kB | Preview Download |
Additional details
- Eprint ID
- 82689
- Resolver ID
- CaltechAUTHORS:20171025-162756303
- Created
-
2017-10-26Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 150