|
|||||
|
|
A NOTE ON ADVERSE SELECTION |
|
| Authors: | Anthony A. Sampson |
| Affiliation: | University of Sheffield |
| Abstract: | A model of a labour market in which workers cannot signal their productivity is set up. The nature of adverse selection (too few good trades, too many bad trades, neither or both) is found to depend on the pattern of reservation wages. |
| Keywords: | |