Open AccessEFFECTIVENESS OF CENTRALIZED MECHANISM OF LABOR RESOURCE ALLOCATION – EXPERIMENTAL TESTS
Author(s) -
Łukasz Pietrych
Publication year - 2017
Publication title -
acta scientiarum polonorum. oeconomia
Language(s) - English
Resource type - Journals
eISSN - 2450-047X
pISSN - 1644-0757
DOI - 10.22630/aspe.2017.16.4.52
Subject(s) - matching (statistics) , resource allocation , context (archaeology) , unemployment , economics , mechanism (biology) , market mechanism , microeconomics , variable (mathematics) , resource (disambiguation) , computer science , econometrics , macroeconomics , mathematics , management , paleontology , mathematical analysis , philosophy , statistics , computer network , epistemology , biology
In the article the issue of labor resources allocation in the context of the emerging field of economic sciences known as “market design” was discussed. The assumptions for the designed experimental environment were discussed. An experimental variable and variables dependent on it were defined. The main objective of the paper is to develop a matching mechanism for participants in the experiment as a basis for a broader, centralized resource allocation system in the labor market. The study confirmed the hypothesis that fulfilling the assumptions of stable allocations theory improves the matching efficiency in the labor market and thus reduces the frictional unemployment.