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We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....
Persistent link: https://www.econbiz.de/10011249546
This discussion paper led to an article in <I>Games and Economic Behavior</I> (2011). Vol. 72, pp. 594-601.<P> There is by now a large literature arguing that auctions with a variety of after-market interactions may not yield an efficient allocation of the objects for sale, especially when the bidders...</p></i>
Persistent link: https://www.econbiz.de/10011255544
See also the article 'Mean and bold: on separating merger economies from structural efficiency gains in the drinking … benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly, merger activity arose. This paper develops … a tailored nonparametric model to dissect and distinguish the effects on efficiency of these two evolutions. In …
Persistent link: https://www.econbiz.de/10011255577
When workers send applications to vacancies they create a network. Frictionsarise because workers typically do not know where other workers apply to and firmsdo not know which candidates other firms consider. The first coordination frictionaffects network formation, while the second coordination...
Persistent link: https://www.econbiz.de/10011256115
Much attention has been paid to the influence of the institutional form of waste collection on costs. We extend this literature in three directions by including the unit-based pricing system. First, we show that unit-based pricing systems are more important from a cost-minimizing point of view...
Persistent link: https://www.econbiz.de/10011256148
convexity and efficient set characterization results on SD efficiency of a given portfolio relative to adiversified set of … Post (2003) and expand the SSD efficiency criteriadeveloped by Dybvig and Ross (1982) onto the Third Order Stochastic …
Persistent link: https://www.econbiz.de/10011256268
We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest …
Persistent link: https://www.econbiz.de/10011256366
This discussion paper led to a publication in <A href="http://link.springer.com/article/10.1007/s10640-014-9862-0">Environmental and Resource Economics</A> (forthcoming).<P> We study coalition formation and the strategic timing of membership of an IEA for environmental issues in the Coalitional Bargaining Game (CBG) of Gomes 2005, Econometrica). For the general CBG, we...</p></a>
Persistent link: https://www.econbiz.de/10011256384
various axiomatizations of these solutions can be found. Axiomatizations of the Shapley value often use efficiency which is … the equal division solution. Further, we show that there is no solution that satisfies efficiency, collusion neutrality … and the null player property. Finally, we show that a solution satisfies efficiency, collusion neutrality and linearity if …
Persistent link: https://www.econbiz.de/10011256444
efficient solution for games with communication graph structures and show that it is characterized by efficiency, fairness and a …
Persistent link: https://www.econbiz.de/10011256656