Information disclosure and unraveling in matching markets

Description

"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"--National Bureau of Economic Research web site.

Subjects

Series Statement

• NBER working paper series -- working paper 13766
• Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13766.

Links

• http://papers.nber.org/papers/w13766
• URL