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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 …
Persistent link: https://www.econbiz.de/10009131103
market for new Ph.D. economists. We evaluate the effect of such mechanisms on two-sided matching markets by considering a …
Persistent link: https://www.econbiz.de/10008674340
In view of the recent proposals on banking reform in the wake of the recent global economic crisis, this paper identifies some efficiency gains associated with narrow banking using an approach based on search theory. It is herein shown that the optimal allocation of resources can be...
Persistent link: https://www.econbiz.de/10010558720
of informational friction. The key modelling device is a paper-tojournal matching function, similar to the matching …
Persistent link: https://www.econbiz.de/10008833307
This paper proposes a new explanation of the job quality issue in search and matching models, which is not based on … matching and intrafirm bargaining model in which large firms hire workers on a frictional labour market and decide to destroy …
Persistent link: https://www.econbiz.de/10008839536
matching technology and the prevailing surplus sharing rule. The model can be solved for the equilibrium submission fee, desk …
Persistent link: https://www.econbiz.de/10010930229
our hypothesis by comparing measures of innovativeness. Based on matching (selectivity on observable covariates) in a …
Persistent link: https://www.econbiz.de/10010957731
The literature on school choice assumes that families can submit a preference list over all the schools they want to be assigned to. However, in many real-life instances families are only allowed to submit a list containing a limited number of schools. Subjects' incentives are drastically...
Persistent link: https://www.econbiz.de/10005008015
We propose a model of Kidney-Exchange that incorporates the main European institutional features. We assume that patients do not consider all compatible kidneys homogeneous and patients are endowed with reservation values over the minimal quality of the kidney they may receive. Under feasibility...
Persistent link: https://www.econbiz.de/10005008042
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/10005423090