In matching markets the number of blocking pairs is often used as a criterion to compare matchings. We argue that this … changes, nor will it capture the satisfaction of the players with the matching. As an alternative, we set up two principles … objection against the given matching according to a bargaining set characterization of the set of stable matchings. We prove …

We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …

agents cannot process all available information, but they can choose which exact pieces of information to attend to. Several … important results in economics have been built around imperfect information. Nowadays, many more forms of information than ever … before are available due to new technologies, and yet we are able to digest little of it. Which form of imperfect information …