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We examine a Bertrand competition game between two intermediaries offering matching services between two sides of a … intermediation on the Internet by allowing registration and transaction prices, and multiple registration. When only registration … that are contingent on successful matching or the possibility of registration with two intermediaries drastically reduces …
Persistent link: https://www.econbiz.de/10005136667
We develop a method that allows one to compute incomplete-market equilibria routinely for Markovian equilibria (when they exist). The main difficulty to be overcome arises from the set of state variables. There are, of course, exogenous state variables driving the economy but, in an incomplete...
Persistent link: https://www.econbiz.de/10005124234
finding, we describe a model of multi-trait matching and inheritance, in which individuals’ attractiveness in the marriage …
Persistent link: https://www.econbiz.de/10009320404
the elasticity of the matching function. …
Persistent link: https://www.econbiz.de/10008468515
This paper uses a new data set on domestic child adoption to document the preferences of potential adoptive parents over born and unborn babies relinquished for adoption by their birth mothers. We show that adoptive parents exhibit significant biases in favor of girls and against...
Persistent link: https://www.econbiz.de/10008468711
characteristics that the analyst does not observe. The social optimum must therefore trade off matching on incomes and matching on … set of feasible matchings and of the socially optimal matching. Then we show how data on the covariation of the types of …
Persistent link: https://www.econbiz.de/10008530351
A new methodology is described which tests between various equilibrium theories of unemployment using matching data … identify a matching process using data which is recorded monthly, and also shows how to identify different unemployment … employment agency data for the UK over the period 1985-99. Although the standard random matching approach provides a reasonably …
Persistent link: https://www.econbiz.de/10005123575
who suffer involuntary layoffs. Matching and search-island models have labour market frictions and incomplete markets. The …
Persistent link: https://www.econbiz.de/10005123618
The matching function describes the flow of job creation as a function of the stocks of unemployed and vacancies. Most …
Persistent link: https://www.econbiz.de/10005123733
generated through bilateral matching of agents spanning a spectrum of types. Domestic matching is perfect – every trader knows … the type of all others and can approach any, but international matching is random – every trader lacks the information to … choose a partner’s type. Group ties, however, allow perfect matching abroad to a minority of individuals who have access to …
Persistent link: https://www.econbiz.de/10005123805