Performance and Turnover in a Stochastic Partnership

Performance and Turnover in a Stochastic Partnership
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随机伙伴关系中的绩效和营业额

DOI:
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发表时间:
2010
期刊:
影响因子:
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通讯作者:
David McAdams
David McAdams
中科院分区:
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文献类型:
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作者:
David McAdams

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本文刻画了一个随机伙伴关系匹配市场的社会福利最大化均衡,其中参与者配对进行随机博弈,可以退出,以无成本和匿名的重新匹配。在这种均衡中,业绩和离职模式与著名的生存偏差相一致,如果合作伙伴形成有意义的第一印象,则与蜜月效应相一致。
This paper characterizes the social-welfare maximizing equilibrium of a stochastic partnership matching market", in which players paired to play a stochastic game may quit to be costlessly and anonymously re-matched. Patterns of performance and turnover in this equilibrium are consistent with the well-known survivorship bias" and, if partners form meaningful rst impressions", with the honeymoon eect".