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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Research on the Problem of Market Allocation Under the Condition of Asymmetric Information
Author(s)
LIU Songbai
DENG Lan, TENG Limei
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DOI:10.17265/2328-2185/2017.05.005
Affiliation(s)
Beijing Normal University (Zhu Hai), Zhuhai, China
Beijing Normal University, Beijing, China
ABSTRACT
In contemporary society,
the problem of information asymmetry in talent markets has been becoming more
prominent. On one hand, the company and candidates fight against
each other based on the information available, so both of them could
make fraud that will make the market level lower and lower. On the
other hand, former scholars have studied from enterprises’ perspective and put
forward methods to solve it based on the aspect of improving the technology and
standard mechanism, which could not solve the problem of information asymmetry
thoroughly. Consequently, this research put up with the idea that the market
can reduce information asymmetry through the establishing personnel information
database and related platforms, which has a great practical
significance on realizing the optimal allocation of the market and
saving cost. At the same time, this study discussed the problems of information
asymmetry fundamentally, which was of great importance to enrich the related
theory research. Specific models were constructed through two perspectives from
the enterprise and the candidates. And then two models would be eventually
integrated into a large system. Finally, this research put all related
information into a system, which was beneficial to the optimal allocation of
human resources with constraints of the market environment.
KEYWORDS
asymmetric information, enterprise, candidates, talent information database, associated platform
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