Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10003423706
This paper reinterprets the gamma-core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction …
Persistent link: https://www.econbiz.de/10005342201
The core is extended to games with incomplete information. The feasible set is characterized by incentive …
Persistent link: https://www.econbiz.de/10005342211
economies under asymmetric information. I obtain a new notion of core that refines Wilson (1978)'s coarse core. It is nonempty … as a technical tool for proving the nonemptiness of the coarse core. Indeed, the core converges to the set of Wilson …
Persistent link: https://www.econbiz.de/10005130196
A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … such voting games, this approach makes it possible to derive core concepts in which information sharing is endogenous. Our … results lend support to credible core of Dutta and Vohra (2003) and the core proposed by Myerson (2003) as two that can be …
Persistent link: https://www.econbiz.de/10005130219
random matching model with endogenous heterogeneity. I analyze the efficiency properties of the equilibrium and find that in …
Persistent link: https://www.econbiz.de/10005328902
I develop a matching model with heterogeneous workers, firms, and worker-firm matches, and apply it to longitudinal … truncated. I test predictions from the matching model using data from the Longitudinal Employer-Household Dynamics (LEHD … structures, including the martingale hypothesis implied by the learning process. I find considerable support for the matching …
Persistent link: https://www.econbiz.de/10005328946
are available, the matching probability between jobs and workers is higher. Workers incur search cost if they actively … search for for jobs. A higher matching probability makes searching for jobs more desirable. Unemployed workers accumulate in …
Persistent link: https://www.econbiz.de/10005328991
We develop a model in which firms set their salary levels before matching with workers. Wages fall relative to any … recent antitrust case against the National Residency Matching Program in light of our results …
Persistent link: https://www.econbiz.de/10005328996
-to-business matching market with indirect network externalities. The intermediaries differ with regard to their ownership structure: an …
Persistent link: https://www.econbiz.de/10005342163