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Competing with Asking Prices
Lester, Benjamin R.; Visschers, Ludo; Wolthoff, Ronald P. - Institute for the Study of Labor (IZA) - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10010812035
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Can Job Competition Prevent Hold-Ups?
Jansen, Marcel - Institute for the Study of Labor (IZA) - 2004
We consider an economy in which firms need to invest in capital before they can advertise a job, while applicants may have to compete for jobs. Our aim is to investigate how this competition affects the investment decisions of firms. Our first result shows that the economy always generates the...
Persistent link: https://www.econbiz.de/10005703500
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Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Markets
Lester, Benjamin R.; Visschers, Ludo; Wolthoff, Ronald P. - Institute for the Study of Labor (IZA) - 2014
In a market in which sellers compete by posting mechanisms, we study how the properties of the meeting technology affect the mechanism that sellers select. In general, sellers have incentive to use mechanisms that are socially efficient. In our environment, sellers achieve this by posting an...
Persistent link: https://www.econbiz.de/10011074814
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Strategic Ignorance in Bargaining
Conrads, Julian; Irlenbusch, Bernd - Institute for the Study of Labor (IZA) - 2011
In his classic article "An Essay on Bargaining" Schelling (1956) argues that ignorance might actually be strength rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the proposer can choose between two possible offers. Option...
Persistent link: https://www.econbiz.de/10009371183
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Telling the Truth May Not Pay Off: An Empirical Study of Centralised University Admissions in Germany
Braun, Sebastian; Kübler, Dorothea; Dwenger, Nadja - Institute for the Study of Labor (IZA) - 2007
We investigate the matching algorithm used by the German central clearinghouse for university admissions (ZVS) in … criteria applied for admission they all make use of priority matching. In priority matching schemes, it is not a dominant … applicants, we are able to detect some amount of strategic behaviour which can lead to inefficient matching. Alternative ways to …
Persistent link: https://www.econbiz.de/10005822191
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Efficiency in a Matching Model with Heterogeneous Agents: Too Many Good or Bad Jobs?
Blázquez, Maite; Jansen, Marcel - Institute for the Study of Labor (IZA) - 2003
This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs …
Persistent link: https://www.econbiz.de/10005822529
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Canonical Correlation and Assortative Matching: A Remark
Dupuy, Arnaud; Galichon, Alfred - Institute for the Study of Labor (IZA) - 2012
In the context of the Beckerian theory of marriage, when men and women match on a single-dimensional index that is the weighted sum of their respective multivariate attributes, many papers in the literature have used linear canonical correlation, and related techniques, in order to estimate...
Persistent link: https://www.econbiz.de/10011128040
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Bargaining and Specialization in Marriage
Iyigun, Murat - Institute for the Study of Labor (IZA) - 2005
spousal matching into a household labor supply model in which (a) couples engage in home production, (b) there are potential …, matching in asymmetric marriage markets induces spousal cooperation and specialization. …
Persistent link: https://www.econbiz.de/10005762001
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Investment in Schooling and the Marriage Market
Chiappori, Pierre-André; Iyigun, Murat; Weiss, Yoram - Institute for the Study of Labor (IZA) - 2006
We present a model with pre-marital schooling investment, endogenous marital matching and spousal specialization in … proportions and there is pure positive assortative matching in the marriage market. But if men and women have different market …
Persistent link: https://www.econbiz.de/10005762342
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Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies
den Berg, Gerard J. van - Institute for the Study of Labor (IZA) - 2003
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005703158