Echenique, Federico; Pereyra, Juan - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 1, pp. 1-39
We present a theoretical explanation of inefficient early matching in matching markets. Our explanation is based on strategic complementarities and strategic unraveling. We identify a negative externality imposed on the rest of the market by agents who make early offers. As a consequence, an...