In 1973, the United States Navy moved from being a conscription force to being an all-volunteer force. All assignments, however, may not necessarily be voluntary. These assignments (jobs) have been labeled as 'hard to fill' by Navy leadership, and the Navy has implemented market-based, cash stipends to attract Sailors to these jobs. An auction has been determined to be the method used for distributing the stipends. The current format of the auction is often described as a first-price sealed-bid, but it is actually a multi-attribute auction, since the lowest bidder for an assignment may not receive it due to other factors considered in the assignment process, such as skills match, timing, moving costs, etc. This report investigates various auction formats with respect to efficiency, suitability, and feasibility.
Efficient Mechanisms to Allocate Assignment Incentives in the Navy
2005
40 pages
Report
Keine Angabe
Englisch
Personnel Management, Labor Relations & Manpower , Job Training & Career Development , Naval personnel , Incentive contracts , Optimization , Jobs , Skills , Training , Efficiency , Allocations , Job analysis , Auction , Aip(Assignment incentive pay) , Hard to fill , Volunteer , Market efficiency , Dis(Distribution incentive system) , Second-price , First-price , Bids
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