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Matching theory has been widely accepted as one of the best available descriptions of the frictions in the labor market, but some economists have recently questioned its quantitative accuracy. While unemployment exhibits large fluctuations over the business cycle , Robert Shimer has demonstrated that standard versions of matching models predict ...
The O-ring theory of economic development is a model of economic development put forward by Michael Kremer in 1993, [1] which proposes that tasks of production must be executed proficiently together in order for any of them to be of high value. The key feature of this model is positive assortative matching, whereby people with similar skill ...
In economics, stable matching theory or simply matching theory, is the study of matching markets. Matching markets are distinguished from Walrasian markets in the focus of who matches with whom. Matching theory typically examines matching in the absence of search frictions, differentiating it from search and matching theory .
A stable matching always exists, and the algorithmic problem solved by the Gale–Shapley algorithm is to find one. [3] The stable matching problem has also been called the stable marriage problem, using a metaphor of marriage between men and women, and many sources describe the Gale–Shapley algorithm in terms of marriage proposals. However ...
Strategic human resource management is "critical importance of human resources to strategy, organizational capability to adapt to change and the goals of the organization"[citation?]. In other words, this is a strategy that intends to adapt the goals of an organization and is built off of other theories such as the contingency theory as well as ...
According to Jim Link, chief human resource officer at the Society for Human Resource Management (SHRM), job simulation is one assessment tool that has gained popularity in the last five years.
Human resource management (HRM) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives.
The Xbox One is looking to take multiplayer matchmaking to all-new levels of intelligence with a new system Microsoft is calling "Smart Match." While we've heard Microsoft briefly speak of the new ...