Information Disclosure and Unraveling in Matching Markets
|
NBER Working Paper No. 13766
Issued in January 2008
NBER Program(s): ED LS
This paper explores information disclosure in matching markets, e.g., the informativeness of transcripts given out by universities. We show that the same, "benchmark," amount of information is disclosed in essentially all equilibria. We then demonstrate that if universities disclose the benchmark amount of information, students and employers will not find it profitable to contract early; if they disclose more, unraveling will occur.
Published: Michael Ostrovsky & Michael Schwarz, 2010.
"Information Disclosure and Unraveling in Matching Markets,"
American Economic Journal: Microeconomics,
American Economic Association, vol. 2(2), pages 34-63, May.
This paper is available as PDF (255 K) or via email.
Acknowledgments
Machine-readable bibliographic record -
MARC,
RIS,
BibTeX
|
|
|
About
Support
The research activities of the NBER are funded by grants from federal research agencies, by private foundations, and by generous donations from our corporate associates and from private individuals. The NBER is a non-profit, 501(c)(3) organization. For information on supporting the NBER, please contact:
Mr. Denis Healy, Director of Development
NBER
1050 Massachusetts Avenue
Cambridge, MA 02138-5398
ph: 617-868-3900
email: dhealy@nber.org
Close
