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unique outcome, the worker-optimal matching. …
Persistent link: https://www.econbiz.de/10011593289
It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the … (weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for …-partner matching problem that includes two-sided matching problems as special cases. Under the same preference restriction, we also …
Persistent link: https://www.econbiz.de/10011593632
information between firms and workers and show that costless signaling is actually harmful in some matching markets. Specifically …A costless signaling mechanism has been proposed as a device to improve welfare in decentralized two-sided matching … facilitates match formation. -- Matching Markets ; Signaling …
Persistent link: https://www.econbiz.de/10008811007
Persistent and significant privately-held stockpiles of crude oil have long been an important empirical regularity in the United States. Such stockpiles would not rationally be held in a traditional Hotelling-style model. How then can the existence of these inventories be explained? In the...
Persistent link: https://www.econbiz.de/10009419703
Persistent link: https://www.econbiz.de/10009500616
stated that matching efficiency decreased. Using a new decomposition method, combined with detailed labour market flow data …, we are the first to disentangle supply-side, demand-side and matching factors, which could potentially cause a shift in … the shift in the Beveridge curve after 2014 was mainly caused by a decrease in matching efficiency, indicating a rising …
Persistent link: https://www.econbiz.de/10011962116
Persistent link: https://www.econbiz.de/10012800405
We study hedonic games with heterogeneous player types that reflect her nationality, ethnic background, or skill type. Agents' preferences are dictated by status-seeking where status can be either local or global. The two dimensions of status define the two components of a generalized constant...
Persistent link: https://www.econbiz.de/10008737786
This paper formalizes the use of flexible labor contracts in an efficiency wage framework and derives market dualism as an endogenous outcome. By allowing temporary contracts to be either renewed or converted into permanent contracts, new theoretical insights emerge both on the equilibrium wage...
Persistent link: https://www.econbiz.de/10010251553
Persistent link: https://www.econbiz.de/10001974337