at the time of application, and (iii) matching between colleges and students takes place in a decentralized setting. We … monotone in types, and we construct a robust example to show that this can lead to a failure of assortative matching in … equilibrium. More importantly, we prove that a unique equilibrium with assortive matching exists provided application costs are …

), and Lagos and Wright (2005) respectively. We Â…nd that the multilateral matching setting generates very simple and …

rewards if they do not transact in the meantime. We characterize the equilibrium steady state matching pattern and compare … this to the constrained efficient matching pattern. We also characterize the joint distribution of price and time to sale …

both the vacancy-unemployment ratio and employment. We show that the standard version of the Mortensen-Pissarides matching … the matching model with sunk costs, new job openings react sluggishly to shocks, leading to highly realistic dynamics …