1. labour market overview firms post job offers (i.e, wages)
one offer at a time per firm
a worker can accept at most one job offer
labour market
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2. firm’s screen value of next worker hired 9 labour market
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3. firm’s screen wages offers accepted this round 9 labour market
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4. firm’s screen highest current offers 9 labour market www.moblab.com
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5. firm’s screen choose a wage 9 labour market www.moblab.com
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6. firm’s screen press to make offer at indicated wage 9 labour market
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7. firm’s screen so far, this round 9 labour market www.moblab.com
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8. worker’s screen what you give up by accepting a job 9 labour market
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9. worker’s screen highest current offers 9 labour market www.moblab.com
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10. worker’s screen press to accept highest current offer 9 labour market
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11. worker’s screen wage offers accepted this round 9 labour market
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12. labour market happy playing! firm payoffs worker payoffs
from each hire:
payoff = Revenue from Worker – wage
entire round: sum of payoffs from each hire
worker payoffs
accepts a job: payoff = wage
does not accept a job:
payoff = Stay Home Value + Unemployment Insurance
happy playing!
labour market
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