Self-selection

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Self-selection

Consequence of a contract that induces only one group to participate.

Self-Selection

A situation in which only one person or group can take advantage of a contract.
References in periodicals archive ?
Self selection allows students more latitude to be deeply involved with the learning process, thus fostering an interest in, as well as developing an ownership of, the reading process.
Students' self selection of books for their instructional reading program is a vital ingredient to helping students become hooked on reading, as well as to becoming independent learners.
10) However, the insurer can offer a menu which anticipates the decisions of high risk consumers on s and satisfies self selection and other constraints.
The market equilibrium contract menu can be determined by maximizing the expected utility of the low risks subject to the self selection constraint for high risks, an individual rationality constraint (participation) for high risks, an incentive compatibility constraint for high risks who buy the high risk policy and for high risks who might have purchased the low risk policy, and zero profit constraints for firms for the high and low risks.
The self selection constraint reveals that, in equilibrium, the high risks will be indifferent between (a) spending s.
This possibility forms the basis of our empirical test for the presence of self selection.
The empirical techniques developed by Mincer (1983) and Mellow (1981) to measure the wage effects of unionization can be adapted to the issue of migrant self selection.