Published August 1977
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An Information-Theoretic Approach to Job Quits
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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
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- 82689
- Resolver ID
- CaltechAUTHORS:20171025-162756303
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2017-10-26Created from EPrint's datestamp field
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2019-10-03Created from EPrint's last_modified field
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- Social Science Working Papers
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- Social Science Working Paper
- Series Volume or Issue Number
- 150