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Positive assortative matching refers to the tendency of individuals with similar characteristics to form partnerships …. Measuring the extent to which assortative matching differs between two economies is challenging when the marginal distributions …
Persistent link: https://www.econbiz.de/10015194999
We define the median stable matching for two-sided matching markets with side payments and prove constructively that it …
Persistent link: https://www.econbiz.de/10012463958
We study the volunteer's dilemma in environments with heterogeneous preferences and private information. We characterize the efficiency properties of equilibrium, which is a departure from all the previous literature that focuses only on the probability of group success. While the probability of...
Persistent link: https://www.econbiz.de/10015072940
Using data from South Asia, this paper examines how arranged marriage cultivates rivalry among sisters. During marriage … search, parents with multiple daughters reduce the reservation quality for an older daughter's groom, rushing her marriage to …'s marriage risk; relative to younger singleton sisters, younger twin sisters have the same effect. These effects intensify in …
Persistent link: https://www.econbiz.de/10012460344
We propose a new sorting framework: composite sorting. Composite sorting comprises of (1) distinct worker types assigned to the same occupation, and (2) a given worker type simultaneously being part of both positive and negative sorting. Composite sorting arises when fixed investments mitigate...
Persistent link: https://www.econbiz.de/10014372413
between trading firms, the presence of positive assortative matching among firms, and their evolution during the business …
Persistent link: https://www.econbiz.de/10014512101
Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on … the role of worker-job matching in development accounting, we build an equilibrium matching model that allows for cross … determine match feasibility; (ii) technology, which determines the returns to matching; and (iii) idiosyncratic matching …
Persistent link: https://www.econbiz.de/10014528414
among partners' skills in match output? We develop a matching model in which risk-averse agents, who differ in skills, match … that under plausible assumptions the risk-sharing benefit of marriage tends to push toward negative sorting on partners …' skills. To obtain the prediction of positive skill sorting--a robust empirical feature of marriage markets--this force needs …
Persistent link: https://www.econbiz.de/10014468251
This paper studies how interest groups allocate campaign contributions when congressmen are connected by social ties. We establish conditions for the existence of a unique Nash equilibrium in pure strategies for the contribution game and characterize the associated allocation of the interest...
Persistent link: https://www.econbiz.de/10012455941
This paper provides an algorithm for computing Markov Perfect Nash Equilibria (Maskin and Tirole, 1988a and b) for dynamic models that allow for heterogeneity among firms and idiosyncratic (or firm specific) sources of uncertainty. It has two purposes. To illustrate the ability of such models to...
Persistent link: https://www.econbiz.de/10012475036