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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
This paper examines the competitive search equilibrium when the workers' effort choice and type are private information …. We derive a modified Hosios rule determining the allocation of resources and analyze how private information influences … the responsiveness of the unemployment rate to changes in macroeconomic variables. Most importantly, private information …
Persistent link: https://www.econbiz.de/10014060646
game. Conversely, the set of repeated matching (or social) equilibria also includes some plays that are not part of any … definitions, as well as the relationship to renegotiation-proof equilibrium. It is possible for repeated matching equilibria to be …
Persistent link: https://www.econbiz.de/10014066240
We consider a job matching model where the relationships between firms and wealth-constrained workers suffer from moral …
Persistent link: https://www.econbiz.de/10014044516
Participants in matching markets face search and screening costs when seeking a match. We study how platform design can …
Persistent link: https://www.econbiz.de/10014146287
This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers … advertising level, and market structure. The relationship results from a trade off between a price effect and a market structure-matching …
Persistent link: https://www.econbiz.de/10014027442
management of human capital are whether there is a rent from matching high ability individuals and to high wage firms, and … whether firms get a share of this rent. We examine whether firm performance is related to positive assortative matching of … and analyze the matching of manager and worker abilities to efficiency wages in a sample of 3,033 Danish small and medium …
Persistent link: https://www.econbiz.de/10013088606
Using a structural model, I examine the distortionary effects of frictions in the CEO labor market. Firms experience productivity shocks over time and either outgrow or underutilize their incumbent CEO's talent, but keep their manager to avoid a switching cost. The decision to replace a manager...
Persistent link: https://www.econbiz.de/10013072798
We consider decentralized one-to-one matching markets with myopic and farsighted agents. We study myopic …-to-one matching markets …
Persistent link: https://www.econbiz.de/10014261524