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SUMMARY:EXPERIENCE MARKETS: AN APPLICATION TO OUTSTANDING AND HIRING - Cat
 herine Thomas\, Associate Professor\, London School of Economics and Poli
 tical Science
DTSTART:20181017T113000Z
DTEND:20181017T130000Z
UID:TALK111331@talks.cam.ac.uk
CONTACT:Emily Brown
DESCRIPTION:Employers in a large online global labour market learn their v
 alue for the market only through experimenting. Early experience affects e
 mployer selection into posting further jobs\, increases the perceived valu
 e of using the market\, and alters how employers evaluate individual worke
 rs.\n\nThe majority of employers quickly learn that the market is less val
 uable to them that their next best alternative and exit the market. Partic
 ipation decisions are relatively insensitive to variation in the hourly wa
 ge bids that employers receive and to learning-by-doing in the market.\n\n
 Low market take up rates are consistent with there being unanticipated and
  heterogeneous employer costs of reorganizing to coordinate remote and fra
 gmented stages of production.
LOCATION:W4.05\, Cambridge Judge Business School
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