2006 | OriginalPaper | Buchkapitel
Secretary Problems with Competing Employers
verfasst von : Nicole Immorlica, Robert Kleinberg, Mohammad Mahdian
Erschienen in: Internet and Network Economics
Verlag: Springer Berlin Heidelberg
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In many decentralized labor markets, job candidates are offered positions at very early stages in the hiring process. It has been argued that these early offers are an effect of the competition between employers for the best candidate. This work studies the timing of offers in a theoretical model based on the classical secretary problem. We consider a secretary problem with multiple employers and study the equilibria of the induced game. Our results confirm the observation of early offers in labor markets: for several classes of strategies based on optimal stopping theory, as the number of employers grows, the timing of the earliest offer decreases.